CostOfLiving

Retired Couples May Need $240,000 for Health Care

Couples retiring this year can expect their medical bills throughout retirement to cost 4 percent more than those who retired a year ago, according to an annual projection released Wednesday by Fidelity Investments.

Why Inflation Is Higher Than It Looks

The Consumer Price Index, which measures inflation, is only as effective as the assumptions it makes -- in this case, about what you buy. If you spend more on certain things than most people, then the CPI will do a terrible job of reflecting the prices you actually pay. In particular, retirees often don't fit the CPI profile well at all.

Consumer Prices Were Unchanged in November

Consumer prices stayed flat in November, further evidence that inflation has cooled off. Energy costs dropped for the second straight month, which offset higher prices that Americans paid for food, clothes and medical services. The consumer price index was unchanged in November, the Labor Department said Friday. That followed a 0.1 percent decrease in October.

Not Much for Social Security Recipients

Social Security recipients, 55 million strong, will get a 3.6% cost of living increase next year. There has not been a cost of living increase from the fund in three years. This one is so small that it may harm consumer spending. It certainly won't help -- another likely drag on GDP.

Israelis Protest High Cost of Living, and Prevail

As the world watches the uprising in the Arab world, another popular revolt is taking place in Israel. There, citizens are in an uproar over the same thing that raises the ire of many average Americans: the high cost of living. Israelis want affordable housing, food, gas, goods, and services. Or, as they put it, social justice. Could we take their actions as a model?

The South Offers Most Bang for Cost of Living Buck

Everyday expenses have a direct effect on the price of doing business, which is why CNBC measures the cost of living when it does its survey of the top states for business. So where would a business find a state where the cost of living is low? The survey results point to the South.