19: Cost of Living (National Averages & Differences)
In this episode, we’re going to talk about the cost of living. Do you know what it means when someone says the cost of living is high? It means that things like food, clothes and housing cost more money than they used to. So, why does that happen? One reason is inflation. Inflation is when the prices of things go up over time. This happens because the amount of money in the world keeps growing, but there are still only so many resources to go around. When there’s more money chasing the same r...