Inflation Replaces the Coronavirus as Top Global Concern for 2022

The coronavirus pandemic was the only thing that people could talk about these past two years because of the fact that this is the sort of thing that could potentially end up bringing the global economy to a grinding halt. In spite of the fact that this is the case, the focus in 2022 seems to have shifted, although the economy itself continues to take center stage. However, there seems to be a more pressing concern on people’s minds this year, and it happens to be inflation with all things having been considered and taken into account.

Back in 2020, only 10% of people were worried about inflation while 50% said that the coronavirus was their biggest concern. With all of that having been said and now out of the way, it is important to note that inflation is now the biggest concern for 40% of people, with just 12% saying that they were more worried about the pandemic. This effective reversal suggest that people are more worried about their money losing its value.

This information comes from survey conducted by Ipsos, and it reveals some truths about what is on people’s minds this year. The second biggest concern happened to be poverty and social inequality at 31%, and it is interesting to note that it has stayed stable since 2020. On the other hand, unemployment and jobs have gone from being the biggest concern for 40% to just 26% in the span of two years, although that might be because inflation is taking precedence over it.

Unemployment is now less of a concern than both inflation as well as inequality. The economy has been in a state of turmoil that was sparked by the pandemic but is now being made worse by aggressive geopolitical decision that are being made by global powers. It is unlikely that this issue is going to go away, rather it might get worse over time. The 20s were a wonderful decade in the 20th century, but they are panning out to be a horrible decade in the 21st with so many recessions happening back to back.

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by Zia Muhammad via Digital Information World