Taiwanese People Combatting Inflation by Saving Money in Daily Life

Reported 8 months ago

As the Consumer Price Index in May exceeded 2%, many people in Taiwan are feeling the impact of rising prices. A survey shows that over 30% of the population struggles with monthly financial deficits, with over 70% seeing their monthly expenses increase by over 1000 NT dollars. To combat inflation, saving experts advise understanding needs and wants, making small savings adjustments, increasing passive income, and reevaluating spending habits. With real incomes in Taiwan decreasing, especially for low-wage workers, controlling expenses has become crucial to avoid financial strain before the end of the month.

Source: YAHOO

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