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.

  • The Per Capital Dog Population Is An Economic Indicator

    Pooches and Prosperity

    Sep 18, 11 • 615 Views • No Comments

    In Latin America, with Brazil #1, being middle class means owning a dog. According to the Economist, more dogs mean more pet food, “knick-knacks,” and veterinary care. Based on pet food sales, the Latin American dog to cat ratio is 6 to 1. (In......  [read more]

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    “Deficit Bias”

    Sep 17, 11 • 850 Views • No Comments

    If anyone asks you about the “fiscal woes” facing the U.S., Japan and the EU, just say, “deficit bias.” The 13th Geneva Report on the World Economy explains “deficit bias.” In the U.S., think about voting constituencies and......  [read more]

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    Placing the Poverty Line

    Sep 15, 11 • 619 Views • No Comments

    Any family that earns less than 3 times the annual cost of a nutritionally adequate diet is below the poverty line. But should we agree with the placement of the line? If we say that poverty is “relative deprivation, ” then a definition could take......  [read more]

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    Too Safe?

    Sep 13, 11 • 739 Views • No Comments

    Assume for a moment that you have to decide whether to install body scanners at every airport in the U.S. Knowing a decision to proceed will make everyone safer, you say, “Yes.” But, what if you first were told that there was a 1 in 3.5 million......  [read more]

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    Can We Afford to Change the US Postal Service?

    Sep 12, 11 • 705 Views • 1 Comment

    There are so many reasons not to change the US Postal Service. For tough to reach rural communities, post offices are conveniently located. For homebound elderly, 6-day dependable prescription delivery is crucial. USPS workers have been promised generous......  [read more]