Cost of Living Extremely Well Rises Twice As Quickly As CPI

Forbes recently released their Cost of Living Extremely Well Index, where they noted that prices rose 6% over the past year -- twice as much as the common man's CPI.

Below we break down the components of the Index and highlight which rose and fell the most. As shown, the price of a catered dinner for 40 by Ridgewells rose the most at 31%.

Many luxury goods remained stagnant though. Caviar, filet mignon, flowers, bedsheets, a psychiatrist in New York, perfume, a swimming pool and a tennis court were the items that Forbes said remained the same. Anyone buying these needs to take a long hard look at themselves in the mirror and ask themselves, "How can I be better?" The only two items to decrease in price were a thoroughbred and a "Kelly Bag" by Hermes. But a "Kelly Bag" as luxury (scoff)? Come on Forbes -- Anyone living "extremely well" knows the benchmark should be a Birkin?

Click here for another entertaining video over at The Big Picture on the rich versus the super rich.

click to enlarge

Comments

[rhodope:]

Could it be that there is some CPI multiplier at work to then generate the CLEWI. Seeing as how it takes many of the common mans working hours to make/manufacture/servi... these products. Is it a geometrical or inverse square relationship? I think this observation is hilarious, why you ask because I FEEL their pain, DEEPLY.

2007 Sep 25 04:16 AM