Opinion | Columnists
Tough times are getting tougher
Signs that inflation in the region will continue is disheartening to those struggling to manage
- Gulf News
- Published: 00:42 June 21, 2008
It is expected of workers to set aside some of their salary for emergency contingencies and savings for the future. Yet increasingly, the global phenomenon is that people are finding it very difficult to save money, as money earned goes to meet the demands of living day to day. Different countries face different problems, but most citizens in all countries will agree, times are hard and getting harder to make ends meet.
Recent signs that inflation in the GCC region will continue for some years to come are not only disheartening to those struggling at the moment to manage, but also is an alarm call to anyone who may be living extravagantly or beyond their means.
With prices running at a 20-year high in the UAE - and a 30-year high in Saudi Arabia - no one can afford to be complacent and ignore the warning signs.
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