high living

But the proposed tax measure has created a rift among the townspeople, especially between owners of second homes and young workers who say a lack of housing options, low wages and high living costs are pricing them out of the region.

The main reason is California’s high living costs, especially for housing, researchers say.

The eurozone economy stagnated late last year as a lingering energy crisis sparked a loss of competitiveness in some European industries, and consumers reined in spending to grapple with high living costs, Europe’s statistics agency reported Tuesday.

High living costs paired with sticky inflation has made consumers tighten their budgets when it comes to discretionary items, as they prioritize spending on groceries and food over pricier home fragrances and personal care products.

At the country's largest ever climate demonstration on Nov. 12, which drew more than 70,000 demonstrators, Timmermans told Reuters Netherlands could afford both high living standards and strong climate policies.