Health insurance costs: Absolutely exploding.
Real estate prices: Ditto, no reflection whatsoever the last 4 years in the CPI.
College costs: To the moon.
NEW YORK (CNN/Money) 10/19/04 – If only salaries would rise as rapidly – and as consistently – as college costs.
The average tuition for undergrads attending four-year public universities jumped 10.5 percent this year. That helped to push the average price of attendance, including room, board and fees, up $824 to $11,354.
That's one of the findings in "Trends in College Pricing 2004," a report released Tuesday by the College Board, a non-profit membership association of 4,500 schools, colleges and universities.
The tuition increase at public schools isn't as steep as it was last year – when average tuition rose a record 13 percent – but it is still high by historical standards.
The average tuition at four-year private colleges, meanwhile, rose 6 percent, raising the total cost of attendance by $1,459 to $27,516.
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And much more. These add up to FAR higher than 0.02% monthly, a far cry from low inflation. The numbers are being fudged, so as not to further destroy the confidence of the markets further by having to massively add on to our existing national debt by having to provide honest cost of living increases. The calculations for the CPI and PPI were changed in the 1990's.
I don't believe a thing Mr. Greenspan and the B.L.S. says! These are the same guys that let the 1990's unsustainable bubble blow up that we will still have to pay for and has been trying oh so hard to bring it back to preserve a legacy of easy money. Never mind $8 trillion in debt and counting.
We will all have to pay for the lies sooner or later IMO. Regards |
