Tuesday, November 27, 2007

the 12 days of Christmas = $78,100 this year

From Sunday's C-J, a cute but informative article from the AP's Dan Nephin-- on the cost of the 12 days of Christmas...

While the origins of the Christmas carol "The Twelve Days of Christmas" may be a mystery, one thing is certain: It's getting more costly to buy your true love all the items mentioned.

It would cost $78,100 to buy the 364 items, from a single partridge in a pear tree to the 12 drummers drumming, repeatedly on each day as the song suggests, according to the annual PNC Christmas Price Index compiled by PNC Wealth Management. The cost is up 4 percent from $75,122 last year.

Buying each item in the song just once would cost $19,507, up 3.1 percent from last year's $18,921...Though a humorous look, PNC said the index mirrors actual economic trends. PNC has been calculating the cost of Christmas since 1984.

This will be a good example to use in class!

Helping push the cost up this year is the minimum wage hike, which bumped the cost of eight maids a-milking from about $41 to nearly $47.

"They have not had an increase since 1997," said Jim Dunigan, managing executive of investment for PNC Wealth Management. "The good news is, if you're a maids a-milking, they will also see an increase in 2008 and 2009."...

Uhhh....Jim is assuming that no milk-maids will lose their jobs when their wages are artificially increased by 40%!

As for the origins of the carol, which has been around for hundreds of years, some contend the song was a coded way to teach aspects of Catholicism. According to such claims, the six geese a-laying represent the six days of creation and the 10 lords a-leaping represent the 10 Commandments.

Snopes.com, an Internet urban legend-debunking Web site, says there's no substantive evidence that the carol was used to preserve tenets of Catholicism.


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