People Everywhere are Running Out of Money. Here’s What Happens Next.

Alan Trapulionis
4 min readJun 10, 2022
Inflation rates across the globe. April 2022 data. Source: Statista, IMF

People everywhere are running out of money.

In the U.S., 1 in 5 people with jobs now say they run out of money before their next paycheck. That’s 5% more than last year. And that’s according to a survey done back in February.

More dramatic estimates say that even among those earning six figures, 48% are now living paycheck to paycheck.

Same thing is happening in Scotland. 9% of people now say they always run out of money before the next paycheck, while 11% say it happens to them “most of the time.”

Things are even worse in Turkey. Due to their President’s belief-based economic policy, the Turkish Lira is becoming less and less valuable every month. The result? People standing in lines for bread and gas; farmers defaulting on loans; general unrest as protests become more frequent.

Thousands of Turkish citizens now below poverty line because their currency is now worthless. Wikimedia Commons image

In Russia, the situation is catastrophic. As the prices of pretty much everything reach sky-high levels, people are having trouble withdrawing cash from ATM machines. Moscow citizens are scrambling for the last available iPhones and McNuggets, while Putin keeps calling Russia a…

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Alan Trapulionis
Alan Trapulionis

Written by Alan Trapulionis

In quest of understanding how humans work.

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