Young Taiwanese turn to near-expired food to beat soaring cost of living

Mr Emily Li from the public relations department at President Chain Store Corp&nbsp, – one of the largest companies operating convenience stores, including 7-Eleven, in Taiwan – said that formerly, its outlets had only one cheap rate for two periods.

Last month, the company added another time with a 20 per cent reduction. Businesses have since observed an increase in buyer demand, she added.

Customers can listen to their favorite stores on our app to follow promotions. The program is very popular among office staff, younger people and kids”, she said. &nbsp,

LOW WAGES, HIGH PROPERTY Costs

On average, Mr Lin takes house about US$ 1, 500 a quarter, a five of which goes to his pocketbook.

With the remaining wealth, he has to help his family, and pay rent and additional charges.

Latest standard data showed that Taiwanese under the age of 30 earned about US$ 1, 300 a fortnight, around three times lower than their peers in South Korea, Hong Kong and Singapore.

Taiwan’s income had stayed sluggish for the past three years, observers said.

Mr. Lin has a fear that his dream does not materialize even though he hopes to finally own a home. The major city centers of Taiwan are regarded as having one of the lowest-cost housing markets in the world.

It’s unlikely that I can afford to buy a house, he said, based on my current earnings and the kind of benefits I have.

He, nevertheless, continues to keep his motivation intact.

” I hope that in five to 10 times, my income will grow higher and higher, and I will be able to save up money for a down payment for a house”, he said. &nbsp,