Households

In a circular flow model, households are the source of consumption expenditures and land, labor and capital for businesses. Econlife looks at all of the activities of households that include spending, taxes, education, health care and income.

  • 16326_3.24_000011088049XSmall

    Income Tax Matters

    Apr 22, 11 • 365 Views • No Comments

    Woodrow Wilson once said that paying taxes was a “glorious privilege.” However, a recent Gallup poll confirmed what we probably already knew. Most of us do not want to pay higher taxes. Upper income households (67% of those polled) say current......  [read more]

  • 16322_11.13_000006085152XSmall

    Federal Spending Questions

    Apr 21, 11 • 353 Views • No Comments

    Hearing the following, one Washington Post reporter said, “Four pinocchios.” In a February survey of 801 “likely” voters, a majority (63%) said that the biggest budget items were defense and foreign aid. Also, they suggested......  [read more]

  • 16320_4.20_000002550398XSmall

    Aspirational Pecans

    Apr 20, 11 • 455 Views • No Comments

    Our story starts with the walnut. Loved in China, and always cheaper than pecans, during 2007, suddenly, the walnut became relatively expensive. Following the law of demand, Chinese consumers bought fewer walnuts and more pecans. And that was when they......  [read more]

  • 16318_5.2_9209625-gdp

    Who Does the Housework?

    Apr 19, 11 • 351 Views • No Comments

    Who makes dinner in your home? Walks the dog? Goes to the supermarket? A study from the Organization for Economic Cooperation and Development (OECD) compared unpaid work in 29 countries. Predictably, they concluded that women do a lot more than men. But,......  [read more]

  • 16314_4.17_000002614112XSmall

    Chinese Marriage Markets

    Apr 17, 11 • 364 Views • No Comments

    A typical young Chinese woman is looking for a husband who owns a home. Probably, she will find one because China’s single child policy and tendency toward male preference have resulted in massive gender imbalance. With so many more marriageable men......  [read more]