Dec 23, 2024
Merry Christmas to you and your family! To kick off Christmas week as we gather to celebrate the remembrance of Salvation coming to all through the birth of Christ our Savior, Jesus of Nazareth, let's have some fun again with a famous Christmas Carol! Mixing finance and the holidays, PNC tackled the song "The Twelve Days of Christmas" for the 41st year in a row and ventured to see how each of those gifts added up in value this year.
Contrary to what the Fed says about inflation slowing down, in the PNC Christmas Price Index (the compiled research acquired to estimate the cost of each gift from all twelve days), for 2024 it's still hot enough to have Frosty looking for the nearest freezer. To enamor your True Love with all 12 days of gifts, you're in for $49,263.47 (+5.4% from 2023) this go around. To overwhelm them so much they might resent you, your True Love can have all 364 gifts from the entire song's repetition of daily gifts, for a grand total of $209,272.00 (+3.6% from 2023)…maybe not the best investment this year.
To note, the official twelve days of Christmas begins on Christmas and continues the following days after. Have fun sounding like the "numbers guy" at the Christmas table!
The Cost of the Twelve Days of Christmas - 2024
Day 1: A Partridge in a Pear Tree - $370.18 (+16.0%)
Day 2: Two Turtle Doves - $750.00 (0.0%)
Day 3: Three French Hens - $346.50 (+5.0%)
Day 4: Four Calling Birds - $599.96 (0.0%)
Day 5: Five Golden Rings - $1,245.00 (0.0%)
Day 6: Six Geese-a-Laying - $900.00 (+15.4%)
Day 7: Seven Swans-a-Swimming - $13,125.00 (0.0%)
Day 8: Eight Maids-a-Milking - $58.00 (0.0%)
Day 9: Nine Ladies Dancing - $8,557.37 (+3.0%)
Day 10: Ten Lords-a-Leaping - $15,579.65 (+7.2%)
Day 11: Eleven Pipers Piping - $3,714.96 (+15.8%)
Day 12: Twelve Drummers Drumming - $4,016.85 (+15.8%)
For more details on how each cost was derived, visit PNC's Christmas Price Index website.
Prepared by Doug Fletcher - Copyright 2024.
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