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	<title>Comments on: Mint Map: Cost of Living in America</title>
	<atom:link href="http://www.mint.com/blog/trends/cost-of-living-map/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.mint.com/blog/trends/cost-of-living-map/</link>
	<description>The blog of the free, simple personal finance solution. Track all your spending automatically, find the best deals, save more money. And save the world.</description>
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		<title>By: Alex</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-41502</link>
		<dc:creator>Alex</dc:creator>
		<pubDate>Sat, 31 Oct 2009 19:25:24 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-41502</guid>
		<description>I&#039;d love to see this chart made to be able to cover longer time ranges.  For example, 2009 CPI data vs. not just 2008, but 2007, 2006, 2005, 2004, etc. . .maybe back 10 years of so.  It&#039;d be even cooler if you could pick ranges spanning any two of those years.  Here&#039;s what I bet you&#039;d find.  Since the decline in CPI averages is so heavily skewed by declines in energy and transportation, I bet over the longer term (going back to before when oil spiked near $140 a barrel) you&#039;re going to find that the general trend is still upward.  The only thing causing the recent down dip is the decline in oil/energy prices back to more reasonable ranges.  Second, it only stands to reason that because the price of energy (oil) has declined so drastically from where it was previously, that the cost of transportation would also logically see a decline to some degree which is exactly what we see here.  Clearly oil is one of the major sources of energy that ultimately becomes the gasoline we use to power our vehicles.  I think we should treat the recent &quot;oil bubble&quot; as more of anomalous non-recurring &quot;one-time&quot; expense on our financial statement and show the chart again as if it had increased or decreased steadily to where it is today from some given year in history like maybe 10 years ago just to pick an arbitrary range.</description>
		<content:encoded><![CDATA[<p>I&#8217;d love to see this chart made to be able to cover longer time ranges.  For example, 2009 CPI data vs. not just 2008, but 2007, 2006, 2005, 2004, etc. . .maybe back 10 years of so.  It&#8217;d be even cooler if you could pick ranges spanning any two of those years.  Here&#8217;s what I bet you&#8217;d find.  Since the decline in CPI averages is so heavily skewed by declines in energy and transportation, I bet over the longer term (going back to before when oil spiked near $140 a barrel) you&#8217;re going to find that the general trend is still upward.  The only thing causing the recent down dip is the decline in oil/energy prices back to more reasonable ranges.  Second, it only stands to reason that because the price of energy (oil) has declined so drastically from where it was previously, that the cost of transportation would also logically see a decline to some degree which is exactly what we see here.  Clearly oil is one of the major sources of energy that ultimately becomes the gasoline we use to power our vehicles.  I think we should treat the recent &#8220;oil bubble&#8221; as more of anomalous non-recurring &#8220;one-time&#8221; expense on our financial statement and show the chart again as if it had increased or decreased steadily to where it is today from some given year in history like maybe 10 years ago just to pick an arbitrary range.
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		<title>By: Andrew Farris</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-35731</link>
		<dc:creator>Andrew Farris</dc:creator>
		<pubDate>Fri, 21 Aug 2009 22:53:38 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-35731</guid>
		<description>What alot of people seem to have missed, or not commented on at least, is WHAT led to the change in CPI.  The chart at the bottom of the map shows this: a drop in transportation and energy costs.

Now, if this data is comparative to summer 2008 then we&#039;re looking at very high gas prices as part of that cost, whereas gas has stayed relatively low for summer so far this year.

Really, this data does not tell you much about cost of living.  The consumer goods other than transportation and energy all rose slightly, and these are the areas in which it is easiest to cut costs most of the time (rising costs in those areas makes that harder).</description>
		<content:encoded><![CDATA[<p>What alot of people seem to have missed, or not commented on at least, is WHAT led to the change in CPI.  The chart at the bottom of the map shows this: a drop in transportation and energy costs.</p>
<p>Now, if this data is comparative to summer 2008 then we&#8217;re looking at very high gas prices as part of that cost, whereas gas has stayed relatively low for summer so far this year.</p>
<p>Really, this data does not tell you much about cost of living.  The consumer goods other than transportation and energy all rose slightly, and these are the areas in which it is easiest to cut costs most of the time (rising costs in those areas makes that harder).
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		<title>By: Wendy</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-35572</link>
		<dc:creator>Wendy</dc:creator>
		<pubDate>Thu, 20 Aug 2009 16:26:34 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-35572</guid>
		<description>In addition to only including a few metropolitan areas, you haven&#039;t even included all the states ON your map.  What&#039;s happened to Alaska and Hawaii?</description>
		<content:encoded><![CDATA[<p>In addition to only including a few metropolitan areas, you haven&#8217;t even included all the states ON your map.  What&#8217;s happened to Alaska and Hawaii?
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		<title>By: Lee Sherman</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-34379</link>
		<dc:creator>Lee Sherman</dc:creator>
		<pubDate>Mon, 10 Aug 2009 18:55:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-34379</guid>
		<description>@marc, thanks for your comment. The team working on MintLife is independent of the team working on our product. The product team is hard at work on a new version of Mint.com which we hope will address your concerns. The data in the map came from the CPI which only includes the metro areas that are listed here.</description>
		<content:encoded><![CDATA[<p>@marc, thanks for your comment. The team working on MintLife is independent of the team working on our product. The product team is hard at work on a new version of Mint.com which we hope will address your concerns. The data in the map came from the CPI which only includes the metro areas that are listed here.
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		<title>By: Marc</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-34175</link>
		<dc:creator>Marc</dc:creator>
		<pubDate>Sat, 08 Aug 2009 03:27:49 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-34175</guid>
		<description>I can&#039;t quite understand what you guys and gals are doing over there at Mint.  I can understand if you are trying to monetize the information you collect from us users, but as long as you have all the quirks and defficiencies in Mint; I think it would be prudent to focus on ironing out the wrinkles first rather than spreading out and coming up with more, albeit flashy, rather meaningless visualizations.

The above map shows 14 metro areas, most of which are insignificant to the broader economy or people&#039;s lives.   You really need to work on the relevance of the data you collect by improving your site and broadening your customer/source base. 

Your source/customers will only for so long tolerate the quirkiness of your site. Don&#039;t make the error of ignoring this. Less flash, more bang!   

Congratulations on what you do have going on and what you have built though!  Promising product.</description>
		<content:encoded><![CDATA[<p>I can&#8217;t quite understand what you guys and gals are doing over there at Mint.  I can understand if you are trying to monetize the information you collect from us users, but as long as you have all the quirks and defficiencies in Mint; I think it would be prudent to focus on ironing out the wrinkles first rather than spreading out and coming up with more, albeit flashy, rather meaningless visualizations.</p>
<p>The above map shows 14 metro areas, most of which are insignificant to the broader economy or people&#8217;s lives.   You really need to work on the relevance of the data you collect by improving your site and broadening your customer/source base. </p>
<p>Your source/customers will only for so long tolerate the quirkiness of your site. Don&#8217;t make the error of ignoring this. Less flash, more bang!   </p>
<p>Congratulations on what you do have going on and what you have built though!  Promising product.
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		<title>By: Brian</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-34091</link>
		<dc:creator>Brian</dc:creator>
		<pubDate>Thu, 06 Aug 2009 22:42:44 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-34091</guid>
		<description>This shows that gas prices went down last year.  Everything else has been going up, so when you hear on TV that there has been deflation, make sure you realize that deflation by their definition looks a lot like inflation.  Soon we&#039;ll begin to see the consequences of our monetary policy.</description>
		<content:encoded><![CDATA[<p>This shows that gas prices went down last year.  Everything else has been going up, so when you hear on TV that there has been deflation, make sure you realize that deflation by their definition looks a lot like inflation.  Soon we&#8217;ll begin to see the consequences of our monetary policy.
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		<title>By: Casey</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-34020</link>
		<dc:creator>Casey</dc:creator>
		<pubDate>Wed, 05 Aug 2009 18:02:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-34020</guid>
		<description>The answer to your question is included in the definition of CPI. It is calculated from a sample set of metropolitan areas, which are included on the map. They do not collect data in other cities.</description>
		<content:encoded><![CDATA[<p>The answer to your question is included in the definition of CPI. It is calculated from a sample set of metropolitan areas, which are included on the map. They do not collect data in other cities.
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		<title>By: Paul</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-34012</link>
		<dc:creator>Paul</dc:creator>
		<pubDate>Wed, 05 Aug 2009 15:20:18 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-34012</guid>
		<description>P.S. - From the NY Times: &quot;Income Loss Persists Long After Layoffs&quot;
http://www.nytimes.com/2009/08/04/us/04layoffs.html

&quot;...workers who had been with their companies at least three years, then lost their jobs when their employers reduced their work forces by at least 30 percent. He found that even 15 to 20 years later, most on average had not returned to their old wage levels. He also concluded that their earnings were about 15 percent to 20 percent less than they would have been had they not been laid off.&quot;

This was based on a recent long-term study of Social Security income data people aged 40 or so (peak of their earning power and far from retirement), employed for at least 6 years, who were laid off, tracking them for 15 to 20 years after.</description>
		<content:encoded><![CDATA[<p>P.S. &#8211; From the NY Times: &#8220;Income Loss Persists Long After Layoffs&#8221;<br />
<a href="http://www.nytimes.com/2009/08/04/us/04layoffs.html" rel="nofollow">http://www.nytimes.com/2009/08/04/us/04layoffs.html</a></p>
<p>&#8220;&#8230;workers who had been with their companies at least three years, then lost their jobs when their employers reduced their work forces by at least 30 percent. He found that even 15 to 20 years later, most on average had not returned to their old wage levels. He also concluded that their earnings were about 15 percent to 20 percent less than they would have been had they not been laid off.&#8221;</p>
<p>This was based on a recent long-term study of Social Security income data people aged 40 or so (peak of their earning power and far from retirement), employed for at least 6 years, who were laid off, tracking them for 15 to 20 years after.
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		<title>By: Paul</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-34009</link>
		<dc:creator>Paul</dc:creator>
		<pubDate>Wed, 05 Aug 2009 15:17:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-34009</guid>
		<description>You would have gone A LOT further with a cost of living index showing not just a change from June 2008 to June 2009...

...but more importantly, June 1999, 2001, 2003, 2005, 2007, and THEN June 2009.

And if you wanted to be real, you&#039;d use not just CPI or government statistics that include SUBSTITUTION and HEDONICS and other fake calculations, but real inflation data from www.ShadowStats.org. Because real inflation is rising at a much higher pace. (P.S. - Thank you for removing the cost of mortgages from the calculation.)</description>
		<content:encoded><![CDATA[<p>You would have gone A LOT further with a cost of living index showing not just a change from June 2008 to June 2009&#8230;</p>
<p>&#8230;but more importantly, June 1999, 2001, 2003, 2005, 2007, and THEN June 2009.</p>
<p>And if you wanted to be real, you&#8217;d use not just CPI or government statistics that include SUBSTITUTION and HEDONICS and other fake calculations, but real inflation data from <a href="http://www.ShadowStats.org" rel="nofollow">http://www.ShadowStats.org</a>. Because real inflation is rising at a much higher pace. (P.S. &#8211; Thank you for removing the cost of mortgages from the calculation.)
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		<title>By: The Little Dough Girl</title>
		<link>http://www.mint.com/blog/trends/cost-of-living-map/comment-page-1/#comment-33974</link>
		<dc:creator>The Little Dough Girl</dc:creator>
		<pubDate>Wed, 05 Aug 2009 05:04:55 +0000</pubDate>
		<guid isPermaLink="false">http://www.mint.com/blog/?p=5151#comment-33974</guid>
		<description>Of course, our employers will think this is a really great chance to CUT our pay for 2010 because cost of living has gone down...</description>
		<content:encoded><![CDATA[<p>Of course, our employers will think this is a really great chance to CUT our pay for 2010 because cost of living has gone down&#8230;
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