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.

  • For most economists, historians, social scientists, it is tough to avoid research bias

    Fictitious Billionaires

    May 8, 11 • 492 Views • No Comments

    Having amassed her fortune as CEO of an electronics empire and through her inheritance, The Office’s Jolene “Jo” Bennett is ranked #11 on this year’s Forbes Fictional 15. You might enjoy this (fictitious) Forbes interview of Ms.......  [read more]

  • 16350_5.4_000012174144XSmall

    Look For the Silver Lining

    May 4, 11 • 416 Views • No Comments

    You might want to decide whether to set the table with Granny’s silver, sell it, or melt it. To see why, you just need to look at a graph of the price of silver. Representing a 162% increase between January and now, the line is almost vertical. When......  [read more]

  • 16344_3.7_000001148053XSmall

    Sales Tax Decisions

    May 2, 11 • 465 Views • No Comments

    A buttered bagel is a sandwich but not an unsliced bagel–unless you eat it in the store. Subject to the New York State sandwich tax, so too are burritos, wraps, BLTs and buttered rolls.  Plan to buy fudge? You will pay a sales tax in New York.......  [read more]

  • 16342_3.1_000005787159XSmall

    Medicare Math

    May 1, 11 • 501 Views • No Comments

    The ratio is 3 to 1. The “3” is how much Medicare recipients are receiving. The “1” is what they paid. Still though, you can see from this NPR report why most people call Medicare an entitlement. According to a study from the Urban......  [read more]

  • 16336_4.2_000010186118XSmall

    Health and GDP

    Apr 28, 11 • 479 Views • No Comments

    We are taller, healthier, heavier, and living longer. In 1790, a typical Frenchman weighed 110 pounds. Now, the scale says 170. That 60-pound difference relates to a lot more than food. According to a new book from Nobel prize winning economist Robert Fogel......  [read more]