Gift Giving for the wealthy: 12 Days of Christmas
What would it cost to have all the gifts in the classic Christmas ditty “12 days of Christmas?” According to PNC Wealth Management, all the Christmas gifts listed in the song will cost a hefty $116,000 this year.
This is a list put out annually by the firm to track both the rising cost of items and add a little Christmas cheer into the mix. PNC Wealth Management has put this list out for the past 30 years. The firm started this list as a tongue in cheek way to add a bit of Christmas cheer to the investment community. It has turned out to be a good indication of how the economy is dong.
All the gifts within the song, including the Partridge laden Pear tree and five golden rings, can still be bought today. The prices for all the gifts tend to go up over time. The prices haven’t risen much since last year but are much more expensive than when the original list came out in 1984.
The song posits that a person wanting to buy his love all the gifts in the song would be doing something extravagant. The price for all the gifts show it is as true now as when the song was written in 1780.
Here’s a look at the full set of prices from PNC Wealth Management in US dollars:
Partridge, $20; last year: $15
Pear tree, $188; last year: $184
Two turtle doves, $125; last year: same
Three French hens, $181; last year: $165
Four calling birds (canaries), $600; last year: same
Five gold rings, $750; last year: same
Six geese-a-laying, $360; last year: $210
Seven swans a-swimming, $7,000; last year: same
Eight maids a-milking, $58; last year: same
Nine ladies dancing (per performance), $7,553; last year: same
10 lords a-leaping (per performance), $5,348; last year: $5,243
11 pipers piping (per performance), $2,635; last year: same
12 drummers drumming (per performance), $2,855; last year: same
’12 Days of Christmas’ items cost more than $116K