I was chatting to a businessman this morning and asked him about his business. He said “Not very good. People seems to have less money to spend…”. 30 years ago, businesses drop off after the 20th of every month. A few years ago, people get “poor” after the 10th of every month. Now, their pockets seem to dry up after just one week. Why? If I look at the middle and lower income group of people, their pay packages did not progress with inflation. I just look around and ask people about their pay. Fresh graduate may get less than RM1000 per month. 30 years ago, I was paid that amount.
Actually everything is now so expensive. Essentials like fish, meat, egg, rice, etc, have increased the prices by almost 5 times over the last 30 years. Eg, egg cost RM2 against RM10, bread was RM0.40 against RM2.50. What do you think? Are you feeling the pinch of the ever rising cost?