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Living through Hyperinflation in Lebanon

Financial Heresy

CHAPTER

The Importance of Living a Rich Lifestyle

Before October of 2019, people were living like high, luxurious lifestyles in 11 on. Locals were buying Mercedes and Gucci handbags; everybody was living a rich lifestyle. Now teachers as of recently are making as little as $500, $600 a month. And so I think the tragic part about this is that the thing to slowly adjust is the salaries of people. Prices are adjusting for commodities but people's salaries are slow to adjust if they even adjust at all.

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