Definition & Meaning | English word COST-OF-LIVING

Definitions of COST-OF-LIVING

1. Describing an index or an increase in payment etc that is dependent upon the cost of living

Examples of Using COST-OF-LIVING in a Sentence

• When cost-of-living adjustments, negotiated wage settlements and budgetary increases exceed CPI, media reports frequently compare the two without consideration of the pertinent tax code.
• BLS has for some time used a cost-of-living framework in making practical decisions about questions that arise in constructing the CPI.
• In 1989, Governor Thompson agreed to establish a compounding, 3 percent cost-of-living increase for retirees from Illinois government jobs, including public school teachers.
• Harlech's Old Library Institute runs as Harlech Hwb, offering cost-of-living support and click-and-collect library books from Gwynedd Libraries.
• The Professor of Poetry receives a stipend (£25,000 per annum as of 2023) which is increased in line with the annual cost-of-living increases for academic and related staff, plus £40 for each Creweian Oration.
• Most recently, it was suggested by former Transport Secretary Grant Shapps, that the MOT again move to a biennial check, to help motorists save money as a result of the ongoing cost-of-living crisis.
• Applying a cost-of-living escalation COLA clause to a stream of periodic payments protects the real value of those payments and effectively transfers the risk of inflation from the payee to the payor, who must pay more each year to reflect the increases in prices.
• However, many media outlets and punters believe the real reasons for the cancellation were a combination of many Australians experiencing a cost-of-living crisis, poor ticket sales, a weak Australian dollar, and a perceived lacklustre lineup which included (aside from the headlining acts mentioned above) G Flip, Turnstile, Yeat, Girl in Red, Hayden James, and Baby Gravy (Yung Gravy x bbno$); the festival's cancellation joins a list of other Australian festivals that were cancelled in 2024 for similar reasons.
• In the UK, in the year 2010 it was still considered an Americanism and an uncommon request, but the practice became far more accepted after campaigns for waste reduction and the cost-of-living crisis, and some countries now obligate restaurants to offer take-home options.
• Major bills sponsored by Goss include a bill to limit congressional pay raises to no more than Social Security cost-of-living adjustments (unpassed), The Public Interest Declassification Act of 1999 (unpassed), and the USA PATRIOT Act.
• In 2006, the National Captioning Institute terminated the employment of 14 employees who had joined the National Association of Employees and Transmission Technicians in an effort to have reasonable workloads, receive annual cost-of-living raises, and prevent cuts in employee benefit plans.
• In May 2022, the Secretary of State for Business, Energy and Industrial Strategy, Kwasi Kwarteng, began talks with the site's owners with a view to reopening the site to help ease the ongoing cost-of-living crisis in the United Kingdom.
• The seven provisions include using a chained CPI-W for calculating annual cost-of-living adjustments (COLAs), increasing normal retirement age, adding progressive price indexing to primary insurance amount calculations, means-testing benefits for high-income beneficiaries, increasing the number of years for calculating average indexed monthly earnings, indexing special minimum benefits to wages instead of CPI, and increasing benefits by 5% for retirees when they reach age 85.
• When the state pension fund showed a surplus, Sheedy found himself caught between two opposing factions of PEF members: Use the funds to lower pension contribution costs from current members, or give the surplus to retiree members as a cost-of-living increase.
• Becoming the seventh National Party leader in less than five years, Luxon reorientated the party around the COVID-19 recession and the "cost-of-living crisis", criticising Labour for its leadership.
• During July 2022, Athirty4 screwed a full-size lifebuoy to a wooden hoarding on Catte Street, Oxford, which drew attention to the UK's cost-of-living crisis.
• UK civil society continues to respond to the hardship caused by the cost-of-living crisis, such as by running foodbanks, though some foodbank managers report both extra demand but also lower levels of donations, as the crisis means some people who could previously donate can no longer afford to do so.
• The cost was blamed on footfall still not returning to pre-pandemic levels, general increase in costs relating to inflation and the cost-of-living crisis, and the excessive amounts of energy the building requires, one of the highest among council buildings.
• escalating (nuclear) arms races, the loss of biodiversity, unaligned artificial intelligence, and human-made pandemics, as well as intergenerationally unfair public policies, rapidly growing national debts, the cost-of-living crisis, high housing costs, and eroding pensions.

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