Cost of Living

by Kendra

Definition of "Cost of Living"........

                Monetary cost of maintaining a particular standard of living, usually measured by calculating the average
                     cost of a number of specific goods and services required by a particular group. The goods and services
                    used as indexes may be the minimum necessary to preserve health or may be what is considered
average for a given income group, depending on the purposes of the index.

 

Winnipegers' Expenditures and My Family's Expenditures

The top graph shows the yearly expenditures of people in Winnipeg.

The bottom graph shows my families yearly expenditures. The differences

between the two would be that my family spends more money on some things like

Miscellaneous than others because my family has 7 people an most families would

only have 4 or 5 people. Another difference would be that the amount they pay

for things like tobacco and alcohol. My family doesn't drink alcohol or smoke. So

my families expenditures for that would be diffrent. The things that are the same

are that my family and the average Winnipeg household wouldn't spend much money

on newspapers or other printed matter.

Here is a link to the Stats Can Website. Lôôk --->HERE