Cost-of-living crisis
id:
cost-of-living-crisis-183-15100910
title:
Cost-of-living crisis
text:
A cost-of-living crisis refers to a socioeconomic situation or period of high inflation where nominal wages have stagnated while there is a sharp increase in the cost of basic goods, such as food, housing, and energy. As a result, living standards are squeezed to the point that people cannot afford the standard of living that they were previously accustomed to. Public health is threatened. The population becomes poorer than it used to be in real terms. This is in contrast to a situation in which
brand slug:
wiki
category slug:
encyclopedia
description:
Situation where prices of essentials rise faster than wages
original url:
https://en.wikipedia.org/wiki/Cost-of-living_crisis
date created:
2023-08-27T15:05:01Z
date modified:
2024-09-06T23:13:52Z
main entity:
{"identifier":"Q122397142","url":"https://www.wikidata.org/entity/Q122397142"}
image:
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fields total:
13
integrity:
16