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In my opinion, the greatest evidence of our rapidly decreasing spending power can be seen in the supermarkets. I will be candid in telling you that I avoid supermarket shopping because I find the huge bills for a few items to be a very shocking, demoralising, and scary experience. Aside from fuel prices at the pumps, supermarkets afford us an unfiltered look into our true economic status. No amount of fancy speeches, mellifluous statements, or confounding economic terms can assuage the pain at the pumps and at the supermarket cash registers. When citizens struggle to buy basic food items, we will experience serious social problems of one kind or the other.
The shock effect of the economic disparity between earning and spending is felt in many spheres of Jamaican life. And, when banks give little or no interest on your savings, but offer high rates on loans, the spread is devastating and stifling. Despite possible interest accrued, the same money that you banked one year ago, cannot purchase the same things this year. Many of our citizens try to migrate legally or illegally just so they can own a motor car and a home. When circumstances force the majority of citizens to forget about self-actualisation and they must struggle to satisfy their very basic needs, there will be trouble … and this usually manifests as criminality.
https://jamaica-gleaner.com/article/...omic-dichotomy
The shock effect of the economic disparity between earning and spending is felt in many spheres of Jamaican life. And, when banks give little or no interest on your savings, but offer high rates on loans, the spread is devastating and stifling. Despite possible interest accrued, the same money that you banked one year ago, cannot purchase the same things this year. Many of our citizens try to migrate legally or illegally just so they can own a motor car and a home. When circumstances force the majority of citizens to forget about self-actualisation and they must struggle to satisfy their very basic needs, there will be trouble … and this usually manifests as criminality.
https://jamaica-gleaner.com/article/...omic-dichotomy