From headphones to hockey tickets to home healthcare, everything is suddenly costing more today than it did last year.
The good news is the recession is over and the economy is coming back. But that’s also the bad news if you’re conscious of the rising cost of just about everything…
The average annual cost of a private room in a nursing home, according to new research by homecare firm Interim Healthcare. That’s $258 a day. A semi-private room costs $82,855 a year.
The average amount of a loan for a new car in the first quarter of 2014. That’s an all-time high, up $964 from the same time a year earlier, financial research firm Experian announced this week. And it gets worse: “The average monthly payment for a new vehicle loan reached its highest point on record at $474 in Q1 2014, up from $459 in Q1 2013.”
“That’s how much is spent in 2014 on healthcare for a typical American family of four covered by an average employer-sponsored health plan,” according to the Milliman Medical Index. That’s double what it was 10 years ago. Still, “the 5.4 percent growth rate from 2013 to 2014 is the lowest annual change since the MMI was first calculated in 2002.”
The cost of a pair of Abyss AB-1266 headphones. Abyss calls them “the finest instrument for musical reproduction.” The Wall Street Journal called them, “headphones that cost more than your mortgage payment.”
Price for one ticket for the Stanley Cup Finals, where the New York Rangers are playing the Los Angeles Kings to decide which NHL team will become hockey’s next champion. That’s 28 percent higher than last year, according to Forbes.
What the average adult expects to spend on travel this summer, which is 9 percent more than last year, according to new research from American Express. How will they try to save money? “Summer travelers expect to visit five websites and spend nearly six hours planning their trips,” American Express says. “More than one in 10 travelers will turn to the expertise of a travel agent, a figure that has risen 40 percent since 2012.”
Meet the Author
Article last modified on June 4, 2014 Published by Debt.com, LLC . Mobile users may also access the AMP Version: By the numbers: The rising cost of everything - AMP.