Many families in the United States have a (large) income now than ever before, but people are finding difficult to make ends meet anyway.
isn't a dollar worth as much as it used to be? Economists say that the cost of living is the money that a family must pay the necessities of life. For many years now, the cost of living has increased (great), so the value of the dollar has decreased.
No one fully understands why the cost of living keeps (increase), but economists believe that workers and producers can make prices go up. As workers earn money, they have more money to spend, so they demand more goods. If there is a demand for certain goods, the prices of these goods go . At the same time, if there's a (short) of goods, the prices also increase.
Families need to know happens to their money. They need to make their income meet the cost of living, so many people plan a family budget. Budgeting (help) you spend your money wisely as the cost of living increases.
