In light of the recent increase in diesel prices — and consequently in taxi fares — several experts on Tuesday, July 8, called on the public to develop a habit of saving, as a way to better cope with price fluctuations in other goods and services.
José Lumbo stated that there is a need for more education on the topic, given the current demands of the economic context.
“We urge people to practice maximum restraint and to truly be prepared for any market change, because prices will rise due to two factors: inflationary pressure and speculation,” he said. For this reason, “the government must also stay alert to potential speculative practices that may emerge,” he added.
Meanwhile, financial consultant and educator Catarino Kissongo acknowledged that the country’s current economic environment is challenging for saving. Nonetheless, he stressed that the issue must be urgently brought to the public’s attention.
“There are several reasons for the lack of saving, such as the current economic environment. It’s true that many people lack financial literacy, but there are also those who, with the income they earn today, can’t even cover what we call essential expenses in financial literacy — let alone save or invest. So it’s extremely difficult,” he explained.
Source: Correio da Kianda
