Survey Says: Americans Top Worry? Rising prices

Monday, October 09, 2006 | 08:55 AM

"Have you experienced the following in the past month?"

Here are the complete results to the survey's question, which was performed in September (as gasoline prices dropped 30%):

• Rising prices, 74%
• Too many things to do, 56%
• Trouble sleeping, 53%
• Concerns about money for emergencies, 53%
• Concerns about health in general, 43%
• Illness of a family member, 36%
• Not enough money for basic necessities, 36%
• Too much information to process at one time, 33%
• Being lonely, 29%
• Problems with your work, boss or fellow workers, 24%
• Problems with aging parents, 21%
• Frequent or excessive noise, 20%
• Problems with my children, 19%
• Abuse of your personal privacy, 13%

Of course, these people are all wrong, given that (ex inflation) there has been nothing going up price.

>

Source:
Rising prices' tops list of worries
Money woes worry people; older Americans are least stressed: survey
Andrea Coombes
MarketWatch, 8:33 PM ET Oct 8, 2006
http://tinyurl.com/ml893

Monday, October 09, 2006 | 08:55 AM | Permalink | Comments (18) | TrackBack (0)
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Comments

That doesn't look like a very useful survey. They are also reporting that the question was about what people have experienced, but their conclusions assume that these are the things people are worried about. The CPI could be correctly measuring inflation at 0% while some things are going up in price while others are dropping, and people would be experiencing prices increasing. People are also more likely to notice price changes in the inexpensive things they buy every day than in the expensive things they buy every couple of months, but overall expenses are dominated by the latter.

This seems like a poorly created survey. By itself, it is useless. With historical trends, it might be useful. Adding a second question about how much each item is a concern would make the data more useful too. As an inflation measure, they should also add a question about experiencing price declines to balance things out.

Posted by: jkw | Oct 9, 2006 9:14:36 AM

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