If You Currently Make $25,000 a Year and the CPI

question 60

True/False

If you currently make $25,000 a year and the CPI rises from 110 today to 150 in five years, then you need to be making $35,000 to have kept pace with consumer price inflation.

---

Definitions:

Parenting Styles

Different approaches to raising children, typically categorized into authoritative, authoritarian, permissive, and uninvolved styles.

Elementary School

An educational institution for early stages of schooling, typically for children from kindergarten through fifth or sixth grade, focusing on basic academic learning and social skills.

Informal Support

Assistance and resources provided by non-professional networks, such as family, friends, or community members, rather than through formal services or institutions.

Neighborhood Carpool

An arrangement among a group of people to share car rides to and from work, school, or other destinations to save on transportation costs.