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A nifty little application from the American Institute for Economic Research, you can use the COL Calculator to compare the cost of an item today to what it cost when, say, you were a kid. For instance, I remember gasoline in 1965 costing as little as 19.9 cents/gallon. In 2005 dollars, that's 122.9 cents/gallon. Since gas is about twice that right now, it *really is* more expensive. (On the other hand, in 1960 the cost of a three-minute telephone call from New York to London was about $45.86....) The site also has an interesting "Annual Report on the Cost of Living" which goes into the concepts in more detail (linked at the bottom of the page). From This is True for 16 October 2005 Suggestions for further reading:
 by Gregory Karp Amazon Price: Customer Review: This book would be a great graduation gift for anyone you know who is graduating from college and just starting their first "real" job. The 1-2-3 Money Plan cuts through all of the confusing details found in many finance books and just gives the aut...  by Farnoosh Torabi Amazon Price: Customer Review: This book provides you help on getting out of debt and there's also internet tools to help you manage your personal finance. I find the url provided by this book useful and also loves the tips on negotiating discount on credit card. I also like the w...  by Jon M. Huntsman Amazon Price: Customer Review: Winners Never Cheat is a source book for leadership in my office. I turn to the wisdom of Jon Huntsman and his experience as training for my managers. I bought and purchased for each of my eleven direct reports, Winners Never Cheat. It was a sourc...  by Harry Domash Amazon Price: Customer Review: How can one be completely confident in stock analysts who didn't see the current crisis coming? Now in an expanded and fully updated second edition, "Fire Your Stock Analyst! Analyzing Stocks On Your Own" is a guide for those who want to save money a...  by James O'Rourke Amazon Price: Customer Review: Good reminders of what we've been told in the past plus several good, new tips. Worth the price and time. Newsfeed display by CaRP |
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