Distribution of Wealth and Resources

Cost of Living: the cost of purchasing those goods and services which are included in an accepted standard level of consumption. -Merriam-Webster Dictionary Definition

Most expensive states to live in include: California, Oregon, New York, and others.

Least expensive states to live in include: Alabama, Arkansas, and Iowa. 

Cost of living is measured on an index to show how expensive (or inexpensive) it is to live in certain cities in comparison to others. There is always a base city used which has a score of 100. From there, the cost of living is indexed against this number. For example, if Arizona is our base with a score of 100, and Alaska is our destination with a (hypothetical) score of 115, then it is 15% more expensive to live in Alaska. Cost of living is one example of why the line of what is and what is not poverty can be different around the world. 

Distribution of Wealth and Resources: 

      An unequal distribution of wealth is apparent throughout the globe. The 1% of China earn up to 23 times more than the poorest, and those in India who are the wealthiest own assets that equal around 1/4th of the whole country's GDP. These issues appear to be universal as 1-10% of the richest in every country account for 50% of the wealth. These inequalities are even more apparent within poor countries. "In fact at the world level, in 2000, the top 10% represented 85% of global capital." (World Bank, 2015)

Works Cited:
https://www.missourieconomy.org/images/indicators/cost_of_living/col3_map1_2015.jpg
http://www.huffingtonpost.com/2015/01/21/map-expensive-countries_n_6510018.html
http://www.merriam-webster.com/dictionary/cost%20of%20living -cost of living definition
http://www.borgenmagazine.com/lack-of-poverty-in-finland/
http://www.poverties.org/poverty-statistics.html