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Cost of Living
(redirected from cost-of-living)

   Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia 0.01 sec.
Cost of Living
The amount one must pay to maintain one's standard of living. That is, the cost of living measures how much one must spend to finance one's lifestyle. Cost of living varies by area; it may be lower in a small city, for example, than in a large city. Changes to the cost of living are related to, but are distinct from, underlying inflation. For example, gasoline prices may rise faster than inflation, which may increase the cost of living more than inflation itself does.


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Byline: GUEST VIEWPOINT By Peter DeFazio For the first time in more than 30 years, seniors and disabled workers on Social Security will not receive a cost-of-living adjustment next year.
Some observers have questioned whether the federal aid formula appropriately accounts for geographic cost-of-living differences.
Recently, Triplett (2001, F331) had strongly contended that "the theory of the cost-of-living index does provide the underlying conceptual rationale for constructing a practical CPI.
 
 
 
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