Posts tagged ‘consumer confidence’

What Ever Happened with the Payroll Tax Increase?

As you may recall, earlier this year, payroll taxes in the U.S. went up by 2% and I discussed how that tax increase could potentially affect spending.  Well, we’re done with first quarter, so how have consumers reacted to that $16 less (based on average weekly earnings on non-farm payrolls) in…

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A Field Guide to Economic Humans

Back in the late nineteenth century, the field of economics gave birth to the term Homo economicus (roughly, “economic human”). With all the new economic models and ideas that were being thrown around at the time, economists needed a stand-in for John and Jane Doe – some anonymous person who…

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