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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    Top Earners

    Oct 20, 11 • 598 Views • No Comments

    A quiz: Looking at the top 1% of earners, how many are in financial services? Close to 75%, 50%, 25% or 10%? The answer: 10% (or precisely 13.9%) Next… How much does the top 1% earn? The 1% threshold is close to $350,000. $200,000, top 5%; 150,000, top......  [read more]

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    Will We Have Enough Food in 2050?

    Oct 15, 11 • 729 Views • No Comments

    The world is getting richer. And richer people eat more meat. And the animals they eat consume more food. Also, everyday, the world has more people. The bottom line? According to a study from Nature, we have to double the world’s food supply by 2050.......  [read more]

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    A Boost for St. Louis?

    Oct 13, 11 • 610 Views • No Comments

    Business at Big Daddy’s tavern will spike 30% this evening during the Cardinals/Brewers playoff game and squirrel shirts are selling like hotcakes. Add hot dog and beer sales, parking revenue, gate receipts to the team, out-of-towners spending,......  [read more]

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    Real Food Commercials

    Oct 10, 11 • 523 Views • No Comments

    The place is a Manhattan film studio. The star could be a donut, ice cream, or a chicken nugget. For a spaghetti sauce shoot, the director says, “Lights. Roll. Action. Drip.” Described in this NY Times article, tabletop directing is a......  [read more]

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    A Happiness Check

    Oct 9, 11 • 551 Views • No Comments

    The jobs, income and wealth scene is a bit bleak. Unemployment has soared, many workers are earning less, the government owes a ton of money, the stock market has been down, up, and down again, housing prices have plummeted and 25% of us have lost more than......  [read more]