Sotherefore
VIP Contributor
This is one of the major challenges people are likely to face in their areas of business especially in most African countries which there is no stability in the economy or financial sector of the country. A lot of people are working but their earning is not sufficient enough for them to have a reasonable saving.
Well there are so many reasons why this is happening , two of the major reason are as follows
* Lack of employment: This is one of the major reason why a lot of people are not able to have a good savings , A country in which there is high rate of unemployment people are likely to choose the available means of survival. The available means sometimes may only be suitable to provide the daily needs but may not be enough for saving.
*Another reason why this is likely to take place is over population: When there is overpopulation in a country there is likely to be a huge competition in the economic sector of the country . Overpopulation can also leads to high rate of unemployment as people will be more than the available employment. This will lead to cheap labour and so many people in this condition could hardly saves their little earnings.
Now the main reason why I brought this topics was for us to briefly discuss some of the things we have to do that could help people in this condition to have at least a good saving.
On my understanding I believe people in this situation should rather considered to have more than one source of income. Online business is available in all countries of the world and people in this situation should look forward to work online if the economic situation of their country is not favorable.
What do you suggest to help people have a good savings in a this condition. Please discuss below.
Well there are so many reasons why this is happening , two of the major reason are as follows
* Lack of employment: This is one of the major reason why a lot of people are not able to have a good savings , A country in which there is high rate of unemployment people are likely to choose the available means of survival. The available means sometimes may only be suitable to provide the daily needs but may not be enough for saving.
*Another reason why this is likely to take place is over population: When there is overpopulation in a country there is likely to be a huge competition in the economic sector of the country . Overpopulation can also leads to high rate of unemployment as people will be more than the available employment. This will lead to cheap labour and so many people in this condition could hardly saves their little earnings.
Now the main reason why I brought this topics was for us to briefly discuss some of the things we have to do that could help people in this condition to have at least a good saving.
On my understanding I believe people in this situation should rather considered to have more than one source of income. Online business is available in all countries of the world and people in this situation should look forward to work online if the economic situation of their country is not favorable.
What do you suggest to help people have a good savings in a this condition. Please discuss below.