How to Account for a Rising Cost of Living

How to Account for a Rising Cost of Living
How to Account for a Rising Cost of Living

Cost of living is a significant component of financial planning. The cost of living may dictate where people live and work, and a high cost of living can influence how individuals spend their free time.

Data from Statistics Canada indicates that consumer prices rose 4.1 percent and 5.3 percent in August 2021 in Canada and the United States, respectively. As Canadians headed to the polls in late Sep…