Thursday, August 6, 2009

Which Major Costs Are Rising Faster Than Inflation?

Many costs today are rising faster than inflation. The one I can think of, right off the bat, would be that of attending sporting events. But that can be easily remedied. Don’t attend.

The second is going to college. Because the government subsidizes this effort with tax breaks, schools are not under too much pressure to reduce their retail charges. They do give scholarships, etc., but their expenses tend to rise far too much for what they get from net tuition.

It is said that health insurance costs are rising as much as three times as much as inflation. But this is not the case. You compare apples to grapefruits. You cannot compare costs when new advances in medicine defy any true comparison of medical procedure and achievement. So, much of the health care inflation talk is bogus.

No comments:

Post a Comment