It doesn't matter which part of the world you reside, you must be feeling the impact of the global economy one way or the other unless you occupy an office in the government, embezzling funds at the expense of tax payers, something very common in Africa. Cost of leaving is increasingly becoming unbearable, reading through some posts about what 1 HBD can afford in countries Hivers resides tells me inflation is all over it really doesn't matter where one is situated geographically.
Not to be pessimistic, I think we have a long way to go before things gets better, the rate of unemployment, pandemic and the current war isn't making things any better. Somewhere in the midst of all the unfavorable state of things I see hope coming from technology side of things, specifically blockchain/cryptocurrency. Considering the abundance opportunity cryptocurrency offers, I see future generations doing well alleviating poverty to some degree.
Baby boomers, how are they doing? we are looking at the older folks between the ages of 58 and 76. From the ones around me, one being my ex boss Garry, I am surprised at him still having to work at his age. I can't precisely recall his age but definitely in his 70s. A very intelligent man in the Radio Frequency field and telecommunication in general. I visited him last month only to see he is now doing solar installations to put food on the table and pay bills.
It is scary, I don't want to be doing such physical jobs at that age, basically there is no retirement savings or perhaps the savings have been eating up by inflation. Seeing Garry still hustling at his age sends thought through me. Looking around all can see are majority of boomers depending on government grants, money that doesn't last for weeks, some just ignore it and I bet Garry don't even go for the damn government grant.
Why CRAHES are GOOD: Rich dad taught his son and me “Your profit is made when you buy…not when you sell.” Bitcoin is the future of money. That is why I will back up the truck when the bottom is in. It may be $17k or even lower $11k. Time to get richer is coming. Take care.
— therealkiyosaki (@theRealKiyosaki) May 13, 2022
Robert Kiyosaki falls within the age group of baby boomers, I find it interesting how adaptable he is knowing his specialty is real estate but getting involved in cryptocurrency (Bitcoin) is admirable about him, it shows how he evolves with time. Most people his age won't even think of spending $10 on Bitcoin. He goes on to predict the bottom, which we all are good at but the market always have the final say.
I can only imagine what goes through the minds of these older folks with no source of incomes, savings now worthless due to inflation, depending on kid(s), relatives that also are in sinking ships themselves looking for ways to escape.
We owe it to ourselves to make Hive great
