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". Britannica Money. The Editors of Encyclopedia Britannica. 2024-06-20. Retrieved 2024-06-28.
- ↑ 2.0 2.1 Lua error in Module:Citation/CS1/Identifiers at line 630: attempt to index field 'known_free_doi_registrants_t' (a nil value).
Cost Of Living Media
- Inflation M2 CPI.webpM2 % change from a year ago
