Posts Tagged ‘consumer spending’

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    Gas Prices

    Dec 11, 10 • 287 Views • No Comments

    Have you been paying more for gas? Looking at this map, you can see that gas prices around the country have been rising in most places. Economist James Hamilton suggests that the price of gas is directly connected to the GDP. Citing the BEA breakdown of...  [read more]

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    How Are We Spending Our Money?

    Aug 11, 10 • 260 Views • No Comments

    Has the recession changed how we spend? Here are the numbers that give some answers according to a summary from Michael Mandel, former BusinessWeek chief economist.: Since the 4th quarter of 2007, we have spent more on: 1) telephone equipment/up by 16.6% 2)...  [read more]

  • Consumer spending

    Jun 21, 10 • 260 Views • No Comments

    In Pursuing Happiness: American Consumers in the Twentieth Century, economist Stanley Lebergott asked us to imagine that automobiles, penicillin, electric washing machines, refrigerators, disposable diapers, electricity, television, and “every...  [read more]

  • The Washing Machine Empowered Women.

    The GDP and Happiness

    Jun 9, 10 • 216 Views • No Comments

    Yesterday’s post about the impact of individual wealth on happiness started me wondering about flush toilets, washing machines, and cars. As our nation became wealthier and produced more goods and services, how did that affect our happiness? To get some...  [read more]

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    A Closer Look At Consumer Spending

    May 5, 10 • 358 Views • No Comments

    We always hear reporters saying that, “Consumer spending makes up more than 70% of the economy…” Mike Mandel, former chief economist at Newsweek, believes the reporters are misleading us. Yes, the consumer component of GDP is 70% of all...  [read more]