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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    Savers or Borrowers?

    Apr 5, 11 • 569 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]

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    “Free” Kidney Treatment

    Apr 2, 11 • 359 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]

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    Cotton or Corn?

    Mar 30, 11 • 561 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]

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    The Amazing Washing Machine

    Mar 28, 11 • 354 Views • No Comments

    In one wonderful 9 minute TED talk, Swedish professor Hans Rosling connects the washing machine to empowering women, educating children and diminishing world poverty. The Economic Lesson When women are empowered, not only is the gender gap diminished but also......  [read more]

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    Peanut Butter Prices

    Mar 25, 11 • 625 Views • No Comments

    Let’s say that you saw the price of Skippy peanut butter, Tropicana orange juice, and Quaker oatmeal went up. Would you be concerned about inflation? In a recent paper, researchers from Yale and the University of Chicago said it is a bit more......  [read more]