Why is the cost of living high?

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  • Oiy
    Lv 5
    1 month ago
    Favorite Answer

    The high cost of living means growth for the economy. The FED has to keep it high to stimulate investment. There are people who cannot catch up. So they are working poor. The politicians will use them for the next election.

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  • 1 month ago

    because capitalism is bs

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  • .
    Lv 7
    1 month ago

    People usually try to sell products & services at the highest price that consumers are willing and able to pay.  Costs go up when there are more people with a higher disposable income.  That's why housing costs so much in Seattle.

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