“Latin American officials are now warning that in country after country, falling living standards are breeding a hopelessness that is beginning to translate into ominous political decay.”—The New York Times, November 29, 1988.
During the 1980’s, millions of people—who were already desperately poor—have watched inflation erode their meager earnings even further. For them, it is not merely a question of coping with the cost of living but, rather, a matter of struggling to meet the cost of survival. Have you noticed the rising prices of basic food items in your country? Does it seem as if your grocery bag gets smaller and smaller for the amount of money you spend? Then, like many other people, you know from experience that the cost of living is increasing.
Is there an answer?