We fully mature adults living primarily on pensions are acutely aware of price increases, some of them enormous, for things we increasingly need such as medical and dental care. Any cost of living increases included in our incomes haven't come close to covering our expenses for some time. And any interest on risk-free savings has dropped 50 percent or more in the past few years. Sometimes it seems if we live long enough we are destined to wind up joining the ranks of the poor.
But some prices have fallen. Basic clothing prices have declined for years as the
textile industry moved to countries with low wages. Gas prices are about half
of what they were a year ago thanks to a glut in world oil supplies.
Last week, I was surprised to discover another area in which prices have dropped dramatically. The revelation started when my computer screen went black for no apparent reason. A visit to the Geek Squad provided a temporary fix, but when the problem returned after everything possible had been adjusted it became obvious a new monitor was needed.
My monitor was eight years old. I dimly remembered paying a fairly hefty price for it at a major electronics store. My recollection was correct; the old receipt for $319.00, including speakers and tax, turned up in a file. Considering eight years of inflation, I expected a heavy hit.
A bit of research showed the best price for a monitor of the same size and brand (Hewlett Packard) with new speakers, and again including tax, came to $192.00. And lady luck helped. The day I
|Hey, geezers. "Old fashioned" electronics got cheaper.|
Wasn't the quality lower as well as the price? Heck no. The flatscreen LED picture is brighter and clearer than what my old monitor provided when new. The styling is far superior, making my office space more attractive. The sound from the new speakers has better range and can be controlled more precisely. The new monitor is better than the old one ever was in every respect.
How in the world can a store sell a superior product for less than half the price it would have received eight years earlier for a piece of equipment that performed the same functions?
Sometimes, "supply and demand" works to the advantage of consumers, and in the case of electronics I think that is just what is happening. Many companies jumped into the personal computer market as demand skyrocketed. That market now is saturated, both because of a higher production total by the competing firms and because laptops and smart phones are now all the rage among electronic gadgets. A lot of competition for fewer and fewer buyers of towers and separate monitors has driven prices down, and probably will continue to do so.
So, fellow geezers, take heart. When the kiddos chuckle at your old-fashioned computer setup, smile and secretly resolve not to change your ways. Staying electronically challenged may be saving you a bundle of cash you can use to pay some of that next dental bill. And your "computer" will never fall out of your pocket and break or be lost as you travel to your next doctor appointment.