Focus 4: Cost of living

In this lesson, students will be introduced to the concept of cost of living, understanding its significance, and identifying the various components that contribute to it. The discussion will provide insights into how different factors such as location, inflation, and personal consumption choices can affect an individual's overall living expenses.

This lesson will delve into how housing and transportation play crucial roles in determining the overall cost of living. Students will examine factors that affect housing prices, such as location, size, and amenities, as well as transportation options and their impacts on living costs. Through interactive discussions and activities, students will explore different scenarios and learn how to make informed decisions about these major life expenses.

This lesson aims to explore how healthcare and education expenses significantly impact the overall cost of living. By examining real-world data and personal experiences, students will better understand the financial burdens associated with these essential services and how they can affect individual and family budgets.

This lesson will explore the variation in the cost of living across different regions in the United States. Students will examine factors that lead to differences in living expenses and identify how these factors affect individuals and families differently depending on their location.