Cost of Living Explained: CPI, COLA, and Your Personal Inflation

Cost of living is what it costs to pay for housing, food, transportation, healthcare, and everything else you need day to day. Ryan explains how it differs from person to person, why the government's Consumer Price Index is a standardized basket that may not reflect your actual expenses, and how cost-of-living adjustments (COLA) at work are typically tied to that CPI number.Ryan and Aaron work through some good examples of how two people with different lifestyles, one driving long distances, one working from home, can experience the same economic period very differently. The key insight is that you control more of your cost of living than you might think, and building your own rough spending index gives you a much clearer picture of your personal financial health than any government statistic.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!