It’s no surprise that Americans have been cutting back in the face of job losses, pay reductions, and shrunken retirement accounts. One result has been a sharp increase in the saving rate, which has averaged more than 4.5% this year after flirting with 0% in recent years. A second result is a rebound in doing-it-yourself. Home-cooking [...]
Posts Tagged ‘Income’
DIY on the Rise
Posted in Macroeconomics, tagged GDP, Income, jobs, Macroeconomics, unemployment on June 15, 2009 | 3 Comments »
Growing Government Transfers
Posted in Budget, Macroeconomics, Uncategorized, tagged Budget, Health, Income, Macroeconomics on June 4, 2009 | 6 Comments »
I’ve received several emails today about a story posted last night by USA Today. The story points out that government transfers now make up more than one-sixth of American incomes, the highest ever. Naturally, some observers welcome this development, while others denounce it. I thought it would be useful to side-step that debate and instead [...]
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