Cost of living

Cost of living is the amount of money it costs just to live in a certain place. It is measured using a list of things people need, like food and housing. Governments measure cost of living to give welfare (money or benefits for poor people) and to set minimum wage.^[1]

When the cost of living is higher than people can pay, a cost of living crisis happens. Causes for a cost of living crisis can be poverty, people making less money due to inflation, increased cost of needed items, and problems with the economy.^[2] This crisis can cause health effects right away and in the future.^[2]

↑ Cost of living (in en). Britannica Money (2024-06-20)The Editors of Encyclopedia Britannica. Retrieved 2024-06-28.
↑ ^2.0 ^2.1 Broadbent, Philip. The public health implications of the cost-of-living crisis: outlining mechanisms and modelling consequences. The Lancet Regional Health - Europe 27 (2023-04-27). p. 100585. doi:10.1016/j.lanepe.2023.100585.

Cost Of Living Media

M2 % change from a year ago
Consumer price index
The Histadrut worker's union in Israel holding a cost-of-living protest in 1980

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[1] Cost of living (in en). Britannica Money (2024-06-20)The Editors of Encyclopedia Britannica. Retrieved 2024-06-28.

[:0-2] 2.0 ^2.1 Broadbent, Philip. The public health implications of the cost-of-living crisis: outlining mechanisms and modelling consequences. The Lancet Regional Health - Europe 27 (2023-04-27). p. 100585. doi:10.1016/j.lanepe.2023.100585.

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