Thursday, December 24, 2009

12 Days of Gift-Giving Cost True Love $21,466

(New York Times – Elizabeth Olson)

The partridge is a deal, and so is the pear tree, for the generous giver who wants to bestow the gifts listed in the song “The 12 Days of Christmas” on a beloved this season. But despite a tattered economy, the memorable mix of leaping lords, milking maids and a slew of fowl will cost slightly more this year.

At $21,465.56, the eclectic collection of goods and services is about 1.8 percent more expensive than a year ago, largely because of higher gold prices, according to PNC Wealth Management in Pennsylvania.

The group has compiled the list for 26 years as a catchy way to track the annual cost of living. The Web site, http://pncchristmaspriceindex.com, now includes sample lesson plans, games, music and other media to help elementary and high school students learn about economic trends. Read more here.