Life's Necessities Could Cost You $3,794 More in 2013
That's particularly distressing, because in December, both FedEx (FDX) and UPS (UPS) announced they're raising rates. FedEx says it's hiking the cost of shipping via FedEx Express by 3.9% on Jan. 7, and upping the cost of FedEx Ground service by 4.9%. Taking its cue, UPS said it will raise its own UPS Air rates 4.5%, and UPS Ground will cost 4.9% more.
Now consider that InternetRetailer.com estimated that the average consumer spent about $1,207 online in 2012. Consider further that although many online stores advertise their goods as coming with "free shipping," there's rarely such a thing as a free lunch. Generally speaking, when an e-tailer says it will ship something "for free," it means the shipping cost has been built into the item's price. That being the case, online shopping in 2013 could conceivably cost you $47 more than it did last year... just to guarantee FedEx and UPS their Christmas bonus.
Source: http://www.dailyfinance.com/2013/01/02/lifes-necessities-could-cost-you-3-794-more-in-2013/
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