Word: inflationitis
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Weigh the variables. The things that most affect the price of your policy, in order: age (see above), rate and length of coverage (most policies are from one year to five years), waiting period (benefits typically start after 30 to 90 days of illness) and inflation protection (benefits rise automatically...
* | What They're Eating In Britain: The bite of food inflation has more Brits turning to cheap tins of grub. Sales of baked beans, a staple of postwar rationing years, have increased 12% in the past year--to a record $530 million. Across the pond, Americans are experiencing a similar...
What's more, the lean times come in a period when the cost of research has outpaced inflation, so there's a double hit. The NIH has a "pay line" of roughly 14%, meaning it hands out only that percentage of the total money requested. Just 1 in 10 grant...
According to the Advisory Committee on Student Financial Assistance, U.S. textbook prices rose 186% between 1986 and 2004, or twice the rate of inflation. College students now spend roughly $900 on textbooks every academic year, books they are required by their professors to purchase. This disconnect between the buyer and...
Secondly, even if we get everyone to safety, we still have more stuff in harm's way than ever before. So each big hurricane costs more than the big one before it, even controlling for inflation.