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Cost-of-Living Guide Discussed on KMPH-TV PDF Print E-mail
Tuesday, 03 February 2009 00:00

KMPH-TV, which serves Fresno and the San Joaquin Valley in California, did a spot February 3, 2009 on the AIER Cost-of-Living Guide.

Here is the script from that segment:

Most Americans are aware that they have to stretch their dollar a lot further these days, but most are not aware of just how far. The American Institute for Economic Research recently released their cost of living research, which monitors the cost of living over time. Since 1990 the average American is paying 248 percent more for health care and 157 percent more for oranges and tangerines. The good news is your money is going further when it comes to technology. Computer prices have dropped more than 89 percent since 1990. Television prices are down by 83 percent and children’s toys have dropped 43 percent. The Institute’s report concludes that “No matter what the politicians and monetary authorities say, the buying power of the dollar continues to decrease,” with it’s current value 95 percent lower than it was in 1913.