The Cost of Christmas

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Have an extra $19,507 lying around?  Well, if you are one of these lucky people you will have just enough money to purchase your true love all of the gifts from the 12 Days of Christmas song, according to the financial services company PNC.  This lower cost of Christmas was calculated assuming you don’t repeat the verses.  Repeating the verses (the  True Price of Christmas) will cost $78,100.

The Christmas Price Index rose 3.1% in 2007, mirroring the increase in the Consumer Price Index (3.5%).  Much of the rising cost is due to increasing food and gold prices, along with a rising minimum wage.  PNC also provides an interesting Stock Market Game for educators to use with students on their website.  This might be a useful way to spend some of those slow days right before Christmas break and provide a great opportunity to discuss the nature of our own economy.   Thanks for sharing, Randy!

Joe

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