Menu
Home
Advertise
Forums
Search forums
What's new
Unread posts
New articles
New article comments
Latest activity
Earn Money
Money apps
Passive Income
Paid Survey
Forex
Stock
Real estate
Paid to write
Social Media Earning
Review Website/Apps
Crytocurrency
Bitcoin (BTC)
Ethereum (ETH)
Crypto Exchange
Mining
Crypto Faucet / Airdrops
Binance
Business
Business strategy
Funding a business
Marketing
Digital Marketing
Social media marketing
Email marketing
Brand management
Personal Finance
Money Saving
Retirement
Personal loan
Savings for Students
Debt help
Tax relief
Insurance
Car Insurance
Life Insurance
Liability Insurance
Home Insurance
Health Insurance
Disability Insurance
FAQ
Log in
Register
What's new
Search
Search
Search titles only
By:
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Money Making Forums
Website showcase and critiques
Relationship between cost of living and standard of living!
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
[QUOTE="Jasz, post: 206788, member: 61772"] Cost of living and standard of living are interrelated concepts that are often misunderstood by both employers and employees. Cost of living is the cost of maintaining a certain level of necessities based on geographic location. The cost of living is the expense required to maintain a certain standard of living. For example, the cost of living in Seattle, WA is different than the cost of living in Scottsdale, AZ because the standard of living is different. Standard of living measures how well your lifestyle compares to others in your area. The Department of Health and Human Services tracks both metrics across the United States, along with other information about the cost of living where you live, from the average cost to feed a family to how much you should expect to spend on utilities. On the whole, most people tend to associate higher costs of living with higher standards of living. There are many examples that demonstrate that this assumption is correct in certain situations. For example, take the entire island of Manhattan. It has a very high cost of living, which is why so many businesspeople live there. The cost-to-benefit ratio is higher than lots of other places, and so they choose to live there due to the amount they get out of their residence. Other places have very low costs of living, but the standard of living may end up being even lower due to spending more money on groceries per person or whatever is being measured for each person living there. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Money Making Forums
Website showcase and critiques
Relationship between cost of living and standard of living!
Top