HAPPY NEW YEAR -- NOW PAY UP
Few things are certain in life, but given enough time, rising prices are all but guaranteed. The coming new year will bring higher prices on plenty of mainstay expeditures from movies to travel. Here's what you can expect to spend a little — or a lot — more for in 2019.
Cable giant Comcast is set to raise rates for TV service yet again in 2019, with some premium packages now slated to come in at more than $250 a month. Spectrum, too, is disappointing customers with rising price structures. In fact, most cable companies are poised to hike prices as subscribers flee and join the cord-cutter movement.
If you're in the market for a home, or if you have some money in bonds or a savings account, you might have noticed that interest rates are rising. That's because the Fed raised rates more than once as the economy improved in 2018. In 2019, the Fed is expected to raise rates not once but two more times, which means borrowing money is about to get a lot more expensive.
The Home Buying Institute predicts that the recent trend in soaring home prices will continue in most American cities in 2019. While some markets might begin to favor buyers thanks to an increase in new home construction, the bulk of the country will remain firmly in the grip of sellers as most markets suffer from low inventory.
Chances are good you'll be paying more to visit your local stadium in 2019, whether you're a season ticket holder or just an occasional patron. This holds true for both college and pro sports. Teams like the Boston Red Sox and Ohio State University are among the many teams increasing the cost of a ticket. Check with your local franchises to see if you'll be asked to cough up even more for a visit to the stadium this coming year.
One of the most iconic and popular arts festivals in the country and the world, South by Southwest (SXSW) in Austin welcomes visitors from across the globe. If you're one of those visitors, prepare to pay more for all badge types. Prices increase by $100 on Jan. 18, again on Feb. 15, and then again if you buy your tickets at the festival. Even if you don't go to SXSW, you can expect music and arts festivals nationwide to follow suit.
According to Bloomberg, Hostess Brands is quietly devising a plan to increase profits without scaring away sweet-toothed customers. Most of that strategy involves higher prices in the grocery store snack aisle come 2019. Ding Dongs and Twinkies, however, aren't the only snacks that will come with higher price tags — the entire industry is likely to follow Hostess' lead.
RETAIL FOOD PRICES
EMPLOYER HEALTH INSURANCE
If you feel like the cost of your employer-based health insurance is high and getting higher, you are not alone — Americans experienced the eighth straight year of premium increases in 2018. In fact, premiums have climbed by 55 percent over that time period, double the rate of wage increases and triple the rate of inflation. Ready for more bad news? You can expect average premiums to jump by another 5 percent in 2019 — all while deductibles get bigger. Surprisingly, though, some areas are seeing prices fall on Obamacare health plans.
Jetsetters can expect to pay more for their excursions in most of the world. Global airfare will likely increase by 2.6 percent. The cost of staying in a hotel overseas is predicted to rise by 3.7 percent.
● Park-specific annual pass
● Per vehicle
● Per person
● Per motorcycle
EVERYTHING (THANKS TO INFLATION)
The phenomenon of inflation gradually reduces the buying power of a dollar over time. This impacts the price of almost every product and service — and 2019 will not be immune. Total inflation is expected to rise by between 2.3 percent, which, historically speaking, is a fairly modest rate. It also happens to be identical to the increase in 2018.