So, the PNC revealed the latest indicators today about just how bad our economy is doing post-subprime mortgage crisis.
The costs of the 12 Days of Christmas this year: $78,100
That’s up 4% from last year, which was only $75,122. Mind you, you’re buying some of the items repeatedly (ie. a partridge in a pear tree every day).
Love is rough man, real rough.
Anyway, on the more serious side, this price increase actually helps manifest the effects of several economic events of the past year. First of all, minimum wage increased this year, which means that the cost of eight maids a milking is now about $47 as opposed to $41. Also, food costs pushed the cost of geese, and gold prices make the price of those rings carissimi. This is also because investors have lost faith in assets such as housing so are turning to resources such as gold. Rest assured, those 9 ladies dancing cost just the same as last year.
The Down and Dirty: Christmas is going to be expensive this year.
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