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Page 26 text:
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The Price Ule llaue to Pay by Max McCoy For the past decade inflation has been named one of the top news stories of each year by United Press International. Some Americans are more affected than others by it, and students are especially vulnerable. Dr. Charles Fischer, assistant professor of economics, said that given the current economic situation, students have two main concerns from inflation—food and housing. An overwhelming majority of student income goes for these two commodities. Rent of all types of housing has in- creased significantly in recent years. Dr. Fischer attributed this skyrocketing to the over-all high cost of residential housing, including the price of building materials and ever—higher interest rates. Although there has been a rapidly in- creasing demand for housing, there has been no significant building because of prohibitive costs. This results, said Dr. Fischer, in longer waiting for “nice” apartments, and historically low vacancy rates. It also tends to create a situation of paying more for less. Food has taken it’s largest monthly jumps in over five years. But unlike housing costs, there is more of an op- portunity for the wise consumer to cut corners. A good shopper, willing to substitute “tuna fish for steak,” said Dr. Fischer, can lessen the effects of in- flation. Restraining the urgeto “impulse buy” is a key in cutting a food budget. Everyone has heard the story that you shouldn’t grocery shop while you're hungry. That story is valid. Make a shopping list and stick to it. Pian each meal in advance. Another group of students who have been hard hit by inflation are commuters. Pittsburg State is traditionally a com- muter college, and with gasoline priced at a dollar per gallon, changes in driving habits are required. Tighter class scheduling for less trips and carpooling when possible are needed to offset the higher price of gasoline. The use of economy cars has also become predominant. Dr. Fischer said that since most working students are either unskilled or semi-skilled, prices are rising at a r tte significantly higher than wages. Working students must cope with a decrease in real income, and in purchasing power, which excludes the consumption of luxuries. Unfortunately, most students view record albums as one of the basic building blocks of life. A lot of students are going to have to wear the grooves in their older record deeper. In an attempt to control Inflation, the federal government has tried to put the brakes on the economy, Dr. Fischer said, which results in a looser labor market. Layoffs proliferate. Students looking for work are finding It more and more dif- ficult to locate jobs. The major obstacle that most students must somehow find a way to overcome is tuition costs. The tuition a student pays doesn't foot the entire cost of his education—the government makes up OFF-CAMPUS HOUSEING COSTS have escalated to the point where a great many students have found dormitory or fraternity and sorority housing to be less expensive, (photo by Alan Ford)
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Page 27 text:
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i MORE AND MORE people have turned to filling their tanks themselves with an effort of trying to save a little money.(photo by Brenda Collins) the rest—but the part that students do pay has risen drastically. Going hand in hand with the rising cost of tuition ($ the price of books. At Pitt- sburg State this is especially emphasized because there Is no textbook rental system; the students must buy outright every textbook they intend to use. Dr. Fischer said that there was a positive note, however. The solid students in the right areas have good foundations for good careers,” he said. The important thing is to make the right choices in order to make the economic sacrifices worthwhile. The economic advantages of living with one's parents, said Dr. Fischer, will probably contribute to the continuation of Pittsburg State as a commuter college. The psychological impact of being poor may be less for students than for other people, said Dr. Fischer, because most of a student's friends are in the same boat. There Isn’t the pressure of income hierarchy. Although today’s inflation hits everyone, students are the hardest hit. But they are also the ones most likely to come out of their personal economic slump with better jobs and more hope for the future. GAS PRICES sky rocketed as a result of the oil shortage photo by Brenda Collins) DIGGING THROUGH THE PURSE has become an all to commom event for Sheree Gamble In her attempt to cope with higher prices, (photo by Brenda Collins)
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