Word: household
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...NINO World's only household-name weather pattern returns; this time, no more Senor Nice...
...They should give out more goody bags ifthey're not giving us a rebate," said Hannah E.Schott '96, referring to the snacks andsample-sized household items that are given topatrons after they purchase their books...
Here's the state of the economy in the typical U.S. household: the principal breadwinner (let's say it's a he) brings home the same paycheck he was bringing home in 1970, when Richard Nixon was President and the Grateful Dead had hair. He may think he's got raises, but when you subtract for inflation, he hasn't. Yet his family is better off than it was in 1970, with 20% more buying power...
What's the reason the typical household has more money to spend, while the typical paycheck has failed to grow? There's now a second breadwinner in the house. Couples have also let up on babymaking (the rate dropped from 18.4 births per 1,000 people in 1970 to 16 in 1992), so there are fewer mouths that need braces and not as many teenage phone bills to finance. More workers with fewer dependents makes for more income per family...
...calculates that the nation's net worth increased from $13.5 trillion to $20.2 trillion during the rewarding years of 1983 to 1989, and that $3.9 trillion of the reward was captured by the fortunate top one-half of 1%. That works out to a $3.9 million bonanza per wealthy household. Wolff says the last time the national assets were so unevenly distributed was in 1929, just before the stock-market crash...