The bottom 60% of U.S. households don't make enough money to afford a "minimal quality of life," according to a new analysis.

A cost of living index tracks how much basic expenses for these categories rise over time and in different regions. It can demonstrate how need-based expenses vary from one area to another.

Universal basic income, also known as guaranteed income, is the idea of giving money to everyone regardless of how much they already earn – to give them the freedom to move between jobs ...