| 词汇 | cost-of-living-crisis |
| 释义 | cost of living crisis noun[ S ] (alsocost-of-living crisis)uk /ˌkɒst əv ˈlɪv.ɪŋ ˌkraɪ.sɪs/ us /ˌkɑːst əv ˈlɪv.ɪŋ ˌkraɪ.sɪs/ a situation in which the cost of basic things needed for life, such as food and fuel, is rising much faster than most people's incomes, with the result that most people have less money to spend on things that they need: High inflation and low wage growth are the main reasons for the current cost of living crisis. The cost-of-living crisis most substantially affects people on low incomes. More people are missing payments for essential bills as the cost of living crisis continues to hurt household finances. Britain’s cost of living crisis is forcing more people to dip into savings to make ends meet, according to official figures. The minister said that there was no way universities should be allowed to increase tuition fees during a cost-of-living crisis. Economics accommodative anti-economic anti-inflation anti-inflationary anti-recession buyer's market deindustrialization economic gross domestic product HDI human development index industrialism Keynesian liberal monetarism monetary recession retrench squeeze the public purse |
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