MTA board approves fare hikes

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truck6018
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Re: MTA board approves fare hikes

Post by truck6018 » Sat Dec 14, 2013 10:20 pm

It seems that everyone forgets about all the years (7) of zero fare increases in Connecticut while their NY counterparts had regular increases.

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Tommy Meehan
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Re: MTA board approves fare hikes

Post by Tommy Meehan » Sat Dec 14, 2013 10:50 pm

I don't like fare increases either. In fact for the first time in about thirty years there are times I drive to the subway rather than take MNR to Manhattan. Usually when I have two or three family members going with me because I can save up to fifty bucks. I'm not one of the Rockefellers, for me that's a lot of cash.
truck6018 wrote:It seems that everyone forgets about all the years (7) of zero fare increases in Connecticut while their NY counterparts had regular increases.


That's a big part of the problem. That's known as 'back loading.' In other words, you enjoy seven years of stable fares but then you get hit with a lot of fare increases in a short time.

In 1993 a monthly from Stamford to GCT cost about $185. Next year it will be approximately $292. That's a sixty percent rise in twenty years. Is that a lot? Yes. Is it too much? I don't know. Guess how much the consumer price index has gone up over those twenty years? Right. Sixty percent. Here.

theozno
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Re: MTA board approves fare hikes

Post by theozno » Sun Dec 15, 2013 9:18 pm

Tommy Meehan wrote:I don't like fare increases either. In fact for the first time in about thirty years there are times I drive to the subway rather than take MNR to Manhattan. Usually when I have two or three family members going with me because I can save up to fifty bucks. I'm not one of the Rockefellers, for me that's a lot of cash.
truck6018 wrote:It seems that everyone forgets about all the years (7) of zero fare increases in Connecticut while their NY counterparts had regular increases.


That's a big part of the problem. That's known as 'back loading.' In other words, you enjoy seven years of stable fares but then you get hit with a lot of fare increases in a short time.

In 1993 a monthly from Stamford to GCT cost about $185. Next year it will be approximately $292. That's a sixty percent rise in twenty years. Is that a lot? Yes. Is it too much? I don't know. Guess how much the consumer price index has gone up over those twenty years? Right. Sixty percent. Here.


Look at the CPI in the last 18 months, it has gone flat and down some months with only a 1-2% increase. That should tell ya deflation is actually happening.
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