Unveiling The Effect Of Inflation On University Graduates In Pakistan

Abstract

This study examines the effects of high inflation rates on the academic, financial, and psychological well-being of university graduates in Islamabad and Rawalpindi. For students and recent graduates, inflation poses serious issues since it raises the cost of education and living expenditures. The purpose of this study is to provide light on the financial and socioeconomic strains that these people experience. Specifically, it will look at how inflation worsen the financial hardships and fuels socioeconomic inequality, especially for those from lower-income families. Both primary and secondary data collection approaches are used in this study. Structured interviews were used to collect primary data from students and recent graduates at different universities, including the anthropology department at PMAS Arid Agriculture University. The literature that already existed and statistics reports on inflation and its effects on the economy were the sources of secondary data. Using theories like the Transactional Model of Stress and Coping and the Conservation of Resources Theory to examine students' stress levels and coping strategies, the explanatory research approach was applied to comprehend the complex impacts of inflation. In order to offer a more comprehensive picture of individual experiences. The results highlight the critical need for strong support networks, practical coping mechanisms, and active measures to lessen the negative consequences of inflation on graduates and students. This study emphasizes the significance of addressing both economic and psychological components, which adds to a deeper understanding of the inflation situation. The aim is ultimately to promote fair access to education and job possibilities.