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.

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    Will Power and Wealth

    May 22, 11 • 436 Views • No Comments

    Observing young children, scientists believe they can predict certain adult outcomes. One classic study from the 1960s involved delayed gratification.  A child and a single marshmallow were left in a room. The child could have one marshmallow now or two......  [read more]

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    Population Pyramids

    May 20, 11 • 502 Views • No Comments

    These graphics are wonderful! Shaped sort of like a triangle because the elderly population is so small, this population pyramid for Egypt illustrates a youth bulge of men and women who are 15 to 29. The “bulge” represents 28% of the......  [read more]

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    An Optional Income Tax

    May 18, 11 • 561 Views • No Comments

    What if you could decide whether to pay an income tax? Boston University economist Laurence Kotlikoff has a plan that gives us a choice. His basic message, though, is that Congress had better start to think creatively because our current system is......  [read more]

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    Looking at the Debt Ceiling

    May 16, 11 • 338 Views • No Comments

    Today, at this moment, we might be hitting the debt ceiling. During the past 11 years, Congress has voted to raise the debt ceiling 10 times. In 2000, the ceiling was approximately $6 trillion; in 2011, it was just above $14 trillion. The whole story is here,......  [read more]

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    A Medicare Check-up

    May 14, 11 • 427 Views • No Comments

    We could say that Medicare is currently a bit ill and the prognosis is not good. Last year it received some “medicine” through the Affordable Health Care Act but its caretakers, the Medicare trustees, question whether the treatment will work.......  [read more]