“There are millions of individuals all over the world who receive a high salary; however, receiving a high salary does not necessarily mean having more money. In reality, the higher the income received by a person, the more expenses a person has. This is a natural consequence since a person that has more disposable income often acquires more things to maintain a certain standard of living.
Primarily, one of the biggest factors that affect cost of living is place of residence since a certain city or state differs in terms of cost of living. Even countries like Japan register a high cost of living making Tokyo as one of the most expensive cities in the world. If one is interested in knowing the different cost of living , it is highly-recommended to check cnn money cost of living.
Cnn money cost of living is a valuable tool and part of Cnn money website. The main service of the Cnn money cost of living is titled “”How Far will My salary Go In Another City?””. There is data supplied by researchers at C2ER so users can see the difference among various expenses in several major cities.
Cnn money cost of living includes housing, utilities, transportation and health care. Majority of the data provided is very recent and collected from the past four quarters ending in March 2010. The important thing for consumers though is realizing that bigger cities entail higher expenses by as much as 10% especially for healthcare costs.
Cnn money cost of living also contains Retirement Calculators. This feature helps users answer the following questions:
- What do you need to save?
- How fast will your savings grow?
- How much will you need ?
- Can you retire early?
- How does your net worth compare?
- When will you be a millionaire?
- How to get income for life
At the bottom of the page, there’s also a guide to retirement that could readers understand further issues such as 401k , Annuities, Investing, IRAs, self-employment plans and many other topics that can really be valuable to someone planning for retirement.”