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True Cost Of Christmas

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True Cost Of Christmas

  1. 1. Toastmasters Power Speakers Club #9309-77 The True Cost of the “12 Days of Christmas” December 13, 2007
  2. 2. Overview <ul><li>According to the 22nd annual survey, the cost of “The Twelve Days of Christmas” is $19,507 in 2006, a 3.1 percent increase over 2006. </li></ul><ul><li>Gift prices mirrored the U.S. government’s Consumer Price Index – a widely used measure of inflation calculated by the Bureau of Labor Statistics. </li></ul><ul><li>Study performed annually since 1984 by PNC Financial Services Group, Inc. ( www.pnc.com ), one of the nation’s largest diversified financial services organizations. </li></ul>
  3. 3. True Cost Graphic
  4. 4. Day 12 Drummers Drumming
  5. 5. 12 th Day Cost Summary <ul><li>Cost for 12 drummers is now $2397.85, up 4.2% over 2006 </li></ul><ul><li>Cost could be reduced, especially if the quality of the drummer is not a significant issue </li></ul><ul><ul><li>Check with local high schools or universities </li></ul></ul>
  6. 6. Day 11 Pipers Piping
  7. 7. 11 th Day Cost Summary <ul><li>Cost is $2213.40 in 2007 versus $2124 in 2006, a 4.2% increase </li></ul><ul><li>Ditto from Drummers slide </li></ul><ul><ul><li>Check local high schools or universities </li></ul></ul>
  8. 8. Day 10 Lords a Leaping
  9. 9. 10 th Day Cost Summary <ul><li>Lords with the ability to leap is a rare commodity </li></ul><ul><li>Obesity epidemic is affecting the supply and low supply dictates higher prices than usual </li></ul><ul><li>Cost in 2007 is $4286.06, up 3% over 2006 </li></ul><ul><li>Cost does not include any legal fees or litigation resulting from injuries incurred by leaping </li></ul>
  10. 10. Day 9 Ladies Dancing
  11. 11. 9 th Day Cost Summary <ul><li>Ladies Dancing is now a hot commodity as a result of “Dancing with the Stars” </li></ul><ul><li>Fewer Ladies are available for dancing because they are teaching dance classes </li></ul><ul><li>Prices are up in 2007 to $4759.19 </li></ul>
  12. 12. Day 8 Maids a Milking
  13. 13. 8 th Day Cost Summary <ul><li>Maids-a-Milking got a raise in 2007 as a result of the minimum wage increase </li></ul><ul><li>Cost is up 13.6% over 2006 as a result </li></ul><ul><li>Cost will continue to rise as minimum wage adjusts </li></ul><ul><li>One Maid was quoted as saying “It’s about time! I was about to get a job at Walmart instead.” </li></ul>
  14. 14. Day 7 Swans a Swimming
  15. 15. 7 th Day Cost Summary <ul><li>Cost of 7 swans-a-swimming is flat over 2006, at $4200 </li></ul><ul><li>Swans usually mate for life, though &quot;divorce&quot; does sometimes occur, particularly following nesting failure. </li></ul><ul><li>Female swans typically petition the courts for more than $600 (the cost per swan) when divorce occurs </li></ul><ul><li>This cost was not included in the 12-Days Cost Estimate </li></ul>
  16. 16. Day 6 Geese a Laying
  17. 17. 6 th Day Cost Summary <ul><li>6 geese-a-laying cost $360 in 2007, an increase of 20% over 2006 </li></ul><ul><li>Geese are migratory birds, breeding in the far North and wintering much further South </li></ul><ul><li>Geese are plentiful in Alabama in Winter and, thus, can be obtained at lesser cost </li></ul><ul><li>PLEASE TAKE THEM!! </li></ul>
  18. 18. Day 5 Golden Rings
  19. 19. 5 th Day Cost Summary <ul><li>Price is gold is very high in 2007, up 21.5% over 2006 </li></ul><ul><li>The price of five gold rings now totals $395 but still nowhere close to 1989 prices, when the five Gold Rings hit an all-time high of $750. </li></ul>
  20. 20. Day 4 Calling Birds
  21. 21. 4 th Day Cost Summary <ul><li>4 Calling Birds (Canaries) cost $599.96, a cost increase of 21.5% over 2006, according to National Pet Chain, Petco. </li></ul><ul><li>Canaries were first bred in captivity in the 1600s, after being brought to Europe by Spanish sailors. </li></ul><ul><li>Monks started breeding them and only sold the males (which sing). </li></ul><ul><li>This kept the birds in short supply and drove the price up. </li></ul><ul><li>Eventually Italians obtained hens and were able to breed the birds themselves. </li></ul><ul><li>This made them very popular and resulted in many breeds arising and the birds being bred all over Europe. </li></ul>
  22. 22. Day 3 French Hens
  23. 23. 3 rd Day Cost Summary <ul><li>French Hens cost $45, same as 2006, according to the Cincinnati Zoo </li></ul><ul><li>PETA protests have made importing the birds from France more difficult </li></ul><ul><li>The birds refuse to speak English once they arrive in the US, thus a translator is often required </li></ul><ul><li>American hens say the French hens are snooty and lack good work ethics </li></ul>
  24. 24. Day 2 Turtledoves
  25. 25. 2 nd Day Cost Summary <ul><li>2 Turtledoves cost $40, according to the Cincinnati Zoo, same as 2006 </li></ul><ul><li>Turtledoves are migratory birds based on various parts of Europe, spending its winters in southern Africa . </li></ul><ul><li>In the British Isles , France , and elsewhere in northwestern Europe it is in severe population decline. </li></ul>
  26. 26. Day 1 Of Partridges and Pear Trees
  27. 27. 1 st Day Cost Summary <ul><li>The partridge is a medium-sized bird between the larger pheasants and the smaller quails . </li></ul><ul><li>Cost of partridge is $15, according to the Cincinnati Zoo, same as 2006 </li></ul><ul><li>Pear Tree costs $150, up 15.4% over 2006, according to Waterloo Gardens, a Philadelphia nursery </li></ul><ul><ul><li>Pear trees are plentiful in Alabama and cost is <$150 </li></ul></ul>
  28. 28. Cost Summary (1) <ul><li>As the only unskilled laborers in the Christmas Price Index, the eight Maids-a-Milking make minimum wage, and have not had a raise since 1997.  </li></ul><ul><li>This year, Congress increased their wages by 13.6 percent; bringing the cost of eight Maids-a-Milking for one hour of work to $46.80.  </li></ul>The cost of most performers in the index rose a modest 3 to 4 percent, due primarily to an increase in the performers’ compensation.
  29. 29. Cost Summary (2) The price of five gold rings now totals $395, a 21.5 percent increase over 2006 prices, but still nowhere close to 1989 prices, when the five Gold Rings hit an all-time high of $750. Among the feathered friends in the Christmas Price Index, the most notable increase was a 20 percent change in the price for six Geese-a-Laying, provided by the National Aviary. 
  30. 30. Christmas More Expensive than Ever <ul><li>As part of its annual tradition, PNC Wealth Management also tabulates the “True Cost of Christmas,” which is the total cost of items gifted by a True Love who repeats all of the song’s verses. </li></ul><ul><li>This holiday season, very generous True Loves will pay more than ever before – $78,100 — for all 364 items, up from $75,122 in 2006. </li></ul><ul><li>This 4 percent increase is about even with last year’s 3.5 percent increase. </li></ul>
  31. 31. Online Shopping <ul><li>Today, with the help of the Internet, it’s easier to find the goods and services listed in the song. </li></ul><ul><li>However, goods and services from the survey that are purchased on the Internet tend to be more expensive than those purchased in a more traditional transaction, mainly due to added shipping costs. </li></ul><ul><li>This year, the trends identified in the traditional index are repeated in the Internet version, with overall growth of 3 percent, very close to the 3.1 percent in the traditional index. </li></ul>
  32. 32. Detailed Costs
  33. 33. Ways to Save Money? <ul><li>Many True Loves are considering outsourcing the labor requirements overseas or using illegal immigrants </li></ul><ul><li>Bird substitutes or alternate bird suppliers </li></ul><ul><li>5 Golden Rings can be purchased in Hong Kong for pennies on the American dollar </li></ul><ul><ul><li>Gold-filled? </li></ul></ul><ul><ul><li>10K Gold? </li></ul></ul>

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