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Cost of living
Cost to maintain a standard of living / From Wikipedia, the free encyclopedia
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.
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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]