October 27, 2005 - 4:48 P.M.
A reader emailed me yesterday, explaining that I hadn't taken the rising costs of health care into account (see Spark Your Salary) when I said if you got a raise higher than inflation you were ahead (even if it was just a little bit).
This reader got hit with huge insurance costs this past year, more than wiping out his raise. To be honest, I'd forgotten about rising insurance costs, because we encountered large increases a couple of years ago.
Maybe I'm cynical, but I don't see health costs coming back down. And, health costs are accounted for in the inflation numbers, so I wasn't completely wrong. But I bet for a bunch of you, who only in this past year got hit with large insurance premium raises (and increases in the cost of an office visit ad nauseum), I was wrong. Sorry about that.
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