Cost of living

The cost of living is the cost of maintaining a certain standard of living for an individual or a household. Changes in the cost of living over time can be measured in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in the cost of living between locations can be measured in terms of purchasing power parity rates. A sharp rise in the cost of living can trigger a cost of living crisis,^[1] where purchasing power is lost and, for some people, their previous lifestyle is no longer affordable.

The link between income and health is well-established.^[2] Cost of living pressures may lead to household energy insecurity or fuel poverty as well as housing stress.^[2]

^ "What the cost of living crisis looks like around the world". International Rescue Committee. Retrieved 15 July 2024.
^ ^a ^b Broadbent, Philip; Thomson, Rachel; Kopasker, Daniel; McCartney, Gerry; Meier, Petra; Richiardi, Matteo; McKee, Martin; Vittal Katikireddi, Srinivasa (27 April 2023). "The public health implications of the cost-of-living crisis: outlining mechanisms and modelling consequences". The Lancet Regional Health - Europe. doi:10.1016/j.lanepe.2023.100585. PMC 10068020. Retrieved 4 June 2024.

[irc-1] "What the cost of living crisis looks like around the world". International Rescue Committee. Retrieved 15 July 2024.

[tphi-2] Broadbent, Philip; Thomson, Rachel; Kopasker, Daniel; McCartney, Gerry; Meier, Petra; Richiardi, Matteo; McKee, Martin; Vittal Katikireddi, Srinivasa (27 April 2023). "The public health implications of the cost-of-living crisis: outlining mechanisms and modelling consequences". The Lancet Regional Health - Europe. doi:10.1016/j.lanepe.2023.100585. PMC 10068020. Retrieved 4 June 2024.

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