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Bookmark or Share- The cost of housing is tearing our society apartTo return to 1981 housing costs, the city would need to add an additional 200,000 new units or suffer a 51% drop in employment or 44% drop in median wages. Another issue not addressed by market rate housing development is extreme income inequality, which is exacerbated by the relative inflexibility in rental costs.
- Cost of living crisis: global impact and solutions | World Economic ForumThe economic impacts of the Russian invasion of Ukraine are rippling out across the globe in a cost of living crisis that’s pushing millions more people into poverty. Soaring food and energy prices have resulted in 71 million people in developing countries falling into poverty , according to the UN Development Programme (UNDP).
- Women are bearing the brunt of the cost of living crisis | World ...Women around the world are disproportionately affected by low pay and spiralling living costs, research shows. In the UK alone, women took home, on average, $696 less per month than men in 2022. Women are also more likely to be in insecure work and unable to increase their working hours due to care commitments.
- The cost of living is a top concern for Gen Z and millennials | World ...Cost of living was cited as the top concern in the Deloitte survey, with 35% of Gen Zs and 42% of millennials saying it was their biggest concern. The prospect of unemployment increased by two points for Gen Zs compared to last year, and now ranks as their second-biggest worry.
- How the cost of living crisis affects young people around the worldConsultants Deloitte polled 22,000 Gen Z and millennial respondents in 44 nations about the effect of soaring prices on their lives and found that the cost of living was the number one concern for both groups, ahead of worries about losing their jobs, climate change and mental health.
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