BCCost of Living Indicators
The cost of goods and services needed to maintain a household plays a significant role in determining a family’s quality of life. These costs include food, housing, clothing, education, health care, and child care. If a family cannot afford these items, the physical and mental health, social well-being, and financial security of the family may deteriorate.
Increases in these costs can impact a family’s ability to support a modest standard of living. If costs rise faster than household income, low- and modest-income families are at greater risk of poverty. Those already living in poverty fall even further behind.
The greater the number of families who are unable to maintain a modest standard of living, the greater the costs to the government in terms of providing services and income supports.
This data has been collected from external sources and should not always be attributed to ESPC. We would be happy to provide you with a specific reference for the data that you have used. Please click on the text to the right to request sourcing information, report an error or omission, or provide your comments