Getting value from this course?
Make a ContributionGetting value from this course?
Make a Contribution
This video explores the concept of cost of living, its significant impact on poverty, and why addressing it is crucial. The cost of living is defined as the amount of money needed to maintain a certain standard of living, covering essential expenses like housing, food, healthcare, and transportation. The script outlines how a high cost of living contributes to poverty, including its effect on individuals with incomes below the necessary level for basic necessities, the disparity between wage growth and rising expenses, and the specific challenges related to housing and healthcare costs. The importance of addressing cost of living to prevent the perpetuation of poverty and social unrest is emphasized, alongside potential solutions such as affordable housing policies, access to quality healthcare, living wage requirements, and strengthened social welfare programs. The video concludes by advising students passionate about solving these issues to focus on skills in economic analysis, data research, and advocacy.
Demonstrate mastery of the knowledge and skills presented in this lesson by applying it to the above activity. If, and only if, you have a full understanding and have mastered the knowledge and skills presented in this lesson, select the next lesson in the navigation.
Has this course helped you and added value to your life? Consider making a contribution.
We believe access to education should be free, so every course at Plato University is available to you free of charge.
However, if you get any value from our courses, they help you solve a problem in your life, or if you just believe in what we are doing, consider making a contribution equal to the value we have given you.