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Average US Christmas spending in 2013 is expected to be $704 per person 18 years and older. More interesting is the wild variation in this number from year to year. After rising from a trough of $690 in 2003, spending…
Read MoreIn 2012, 24.5 million natural Christmas trees were purchased while 10.9 million manufactured trees were bought. The average price was $40.30 for a natural tree and $72.50 for plastic ones. Christmas tree sales hit a peak of 31.3 million natural…
Read MoreThe Friday File: While switching to compact fluorescent light bulbs saves households $150/year, three-tenths-of-one-percent of household income, that so few have switched suggests that households don’t like these bulbs or are ignorant of the savings. Rather than banning the sale…
Read MoreThe number of Americans receiving Supplemental Nutrition Assistance Program (SNAP), more commonly known as food stamps, fell from 47.665 million in August to 47.306 million in September, a decline of 0.75%, the biggest decline on record. In FY 2013, the…
Read MoreBy perfectly calibrating his message, this time, Bernanke was able to taper yet see equities climb by 1.75% and bond prices barely budge. Quite a difference from this past May. By combining tapering with a commitment to keep short-term rates…
Read MoreWhile 43% of the population pay no federal income taxes, down from 47% in 2010, two-thirds of that 43% pay payroll taxes, leaving just 14.4% of the population that pay no federal income or payroll taxes. Of those, two-thirds are…
Read MoreDuring October and November 2013 the federal deficit was $231 billion, $61 billion better than a year earlier. Receipts were up by $34 billion to $380 billion and outlays were down by $27 billion. At this rate, the deficit for…
Read MoreThe Friday File: After controlling for numerous social-economic variables, studies in the US, UK and Denmark find that IQ at 16 is positively correlated with how much and how often you’ll drink alcohol throughout your life. While academics offer no…
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