Inflation in Kuwait

Inflation cannot be stopped but one way that people could combat it is by diversifying their income. This is not saying that they should seek part-time job opportunities but start investing because the stability of their jobs is not guaranteed.  https://www.youtube.com/watch?v=7OcXxE5ISwE

According to Kuwait Times, the average salary in Kuwait gets to increase by 1-2% annually or biannually Kuwaiti Dinar per year depending on the job and its title. Also, the increase in real estate is averaged to increase proportionally.  https://www.statista.com/outlook/fmo/real-estate/kuwait#value The average house in Kuwait costs about 300,000 Kuwaiti Dinar, which is about 1,000,000 USD. If you do a side by side comparison between the houses in Kuwait and New York, you will see an obvious difference. In conclusion, the increase in salaries alongside the increase of real estate allows the average Kuwaiti citizen to purchase a house within 15 years in their salaries remains untouched.

The more you save in your bank account, the less likely you will be able to purchase your desired goods. Think about it this way, if you plan to purchase a house by the year 2035, your plan should not be saving money in your bank account, rather increase your money by investing it. This process sounds like a hassle but it crucial to achieve such goals.  https://www.youtube.com/watch?v=XPhOUsLNF14

Over the past decades, Kuwait have witnessed an increase in inflation that one could not help but describe it as insurmountable. One might say that this method applies to a countries across the board. However, the increase of prices when it comes to purchasing houses or something as simple as having a meal outside is equally ludicrous. Surely we are all fortunate enough to be living in such a country, but the cost of living seems to grow exponentially.   

 Inflation is the gradual increase of price over a period of time. In simple words, the price of purchased goods and merchandise increased over a people which makes the average employee less likely able to afford the product. https://www.youtube.com/watch?v=beAvFHP4wDI