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| *Travel Tips>>>Malaysia Travel Tips |
Living Standard Comparison between late70s and today. Are we 10 times poorer? |
Travel Info Late 70s and early 80s, our Msian purchasing power was much better. 1. My auntie a school teacher could afford to buy a brand new Nissan. My uncle, bought a brand new toyota. my mom managed to buy a brand new civic. Those cars were only about RM6,000 - 8,000. Today it cost 10 times or more! Toyota RM80K++ 2. School days, I was settled with 20-30sen pocket money for the daily meal. Today, my sister have to fork out a minimum of RM3 per day for her kid. That's 10 times! 3. It seems that, in order for us to match the Purchasing Power & Standard of Living between today and early 70s &80s, we have to multiply by ten. E.g. If we earn RM5,000 today, it is only similar to the Purchasing Power of those who earned RM500 in the 70s/early80s. To be able to earn RM1000 & have the same purchasing power like the old days, we must earn around RM10,000 today. In other words, if one today earned RM3,000 per month, he/she is only earning RM300 Purchasing Power in the 70s/early 80s. Travel Tips Well, even if compared to the early 90's we are already poorer by many percentage today... so, to say that if it is compared to the 70's, we're worse off. So, the next step is... what should 'we' do to make ourselves 10 or maybe 20 times richer by 2020? Others I totally agree with you. during the 70s & 80s salary are low but with few cents you can buy lots of things but today even you got RM 3000/ month you still wont enjoy the money due to things now are more expensive. ------------------------------... i agree with you that malaysia is getting worse and things is getting more & more expensive everyday. i take an example:- a noodle here cost RM3.50 to RM 4 per bowl. in singapore it only cost SD 2.50 to SD 3.00 per bowl. minus the exchange rate singapore is cheaper than here. This situation is more or less the same in every country in the world due to inflation. Thankfully here in the UK during to 70's and 80's the trade unions were strong and managed to get the workers an annual pay rise well above the cost of inflation. Unfortunately I dont think that the unions are that strong in Malaysia and they just 'Toe the party line' Even to buy a locally made Proton most people have to take out a 7 or 9 year loan to pay for it, if I'm not mistaken they tend to fall apart after a couple of years. How sad. Agree with you. This happened all around the world. I grew up in the 80s/90s and still i can see big differences in purchasing power. I remember in the 90s too that if we bought 10 kg of rice, it's cost around RM8++. That's the cheapest. Today that price is the same with 5kg of rice. I'm fortunate that we produce our own rice... :) my dad always tell me this.. haha.. when i ask for more pocket money, he says last time he just need 20sen for a bowl of noodle... sadly enough now i have to pay rm4-10 for a bowl of noodle... with prices of everything keep increasing now, we r the ones who suffer.. look at the petrol.. always increase even when we have our own petrol.. petrol in saudi arabia only costs 0.60riyal (value of riyal n rm are the same).. that means it cost 60sen for a liter... agree, our money getting smaller now NoMoney, saudi arabia got plenty of oil so petrol very cheap but we have plenty of water here and yet our water is much expensive than petrol. we have our own oil but the price very expensive Your father is right NoMoney, i think you will talk the same to your future kids, hehehe Yes i agree with you, in the 70's when i was a primary pupil, i only get 10sen for pocket money and even bought a bowl of noodles during recess, now the kids are paying 1.50rm for a similar size.I still find it hard to believe the inflation rate is 3%. Things are getting more expensive for an average earner like us and what about those who have family with 3 k ids with house and car to pay? At the end of the day, left with little money for family expenses. Sadly, many incurred debts from the day they start working. |
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