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.

  • 16308_6.29_000001423466XSmall

    Baseball Salaries and Taxes

    Apr 14, 11 • 277 Views • No Comments

    There is a connection between baseball and President Obama’s budget proposals. Let’s start with USA Today’s baseball salary database. For 2011, at $32 million, NY Yankees’ 3rd baseman Alex Rodriguez earns the most; #2 is LA...  [read more]

  • 16292_4.6_000008906947XSmall

    PC Benefits

    Apr 6, 11 • 322 Views • No Comments

    We know that the computer has really made a difference. It replaced typewriters, photo albums, calculators and maybe even travel agents. But still, can we precisely state its impact? Yes, $1700. Economists have calculated that each year since 1977, on...  [read more]

  • 16290_8.23_000009465025XSmall

    Savers or Borrowers?

    Apr 5, 11 • 455 Views • No Comments

    In 1987, a $100 savings account would have earned close to $9 in interest. In 2005, $3.75 or so. Now, maybe 47 cents? The WSJ, had a good article describing how savers are suffering. The retirees who expected to depend on interest income until they died have...  [read more]

  • 16284_9.8_000006388635XSmall

    “Free” Kidney Treatment

    Apr 2, 11 • 275 Views • No Comments

    In October 1972, Congress decided that the federal government should pay for treating chronic kidney disease. Concerned that care went primarily to those who could afford it, Congress proclaimed dialysis and transplants an entitlement for almost all of us....  [read more]

  • 16278_3.30_000008298716XSmall

    Cotton or Corn?

    Mar 30, 11 • 425 Views • No Comments

    One farmer told the NY Times, “It’s going to be cotton stalks everywhere.” With cotton prices soaring, acreage in Texas and other Southern states that had been used for wheat or corn now has cotton growing.  The result? A smaller...  [read more]