Consumer spending is the fuel running the engine of the American economy. According to Investopedia, consumer spending accounts for a massive 70% of economic activity in the U.S. This means that trends in spending can exert a profound impact on the economic health of the United States as well as American businesses and households. Americans opened their wallet to the tune of $14.5 trillion in purchases in just the first quarter of 2020. And this massive sum was spent at the start of a year which would ultimately be distinguished by a dramatic pandemic-related downturn in spending. But where is all this money going exactly? What do Americans spend the most on? From big ticket items and long-term saving goals to daily living expenses and recreational experiences, where do Americans put their money? And how have these habits been impacted by the pandemic?
Health in America has changed for the better by some indicators, but by many measures, Americans today are in worse health than their parents or grandparents were at the same age. Let's look at how health in America has changed—for better and for worse—since 19
The United States spends a jaw-dropping amount—multiple trillions of dollars per year—on health care, yet the data suggests that we aren't getting our money's worth. How does the quality and cost of the U.S. health care system compare to other countries like France, Germany, the United Kingdom, and beyond?
The cost of good health is well into the thousands of dollars per year once you consider factors like healthy food, supplement spending, fitness spending, health insurance costs, and the costs of healthcare.
Between a jump in the median home sales price amounting to $33,000 and soaring mortgage interest rates, the cost of buying a home in 2023 is twice what it was two years ago. Why are home prices through the roof in 2023? The simplest explanation of why homes for sale now cost so much is […]
Book Review: Chokepoint Capitalism: How Big Tech and Big Content Captured Creative Labor Markets and How We’ll Win Them Back, by Rebecca Giblin and Cory Doctorow. Boston: Beason Press, 2022. 303 pp. $26.95. Rebecca Giblin holds a Bachelor of Laws degree and a PhD, both from Monash University in Melbourne, Australia. She is currently a […]
Can money buy better health? Not directly, maybe—yet research findings suggest that Americans with the highest income rates are also more likely to report better health status and achieve a longer life expectancy compared to low-income families. How pronounced is the difference in health outcomes between the ultra-wealthy and the rest of us? What factors […]
Is the supplement industry stealing business from pharmaceutical companies? To better understand the competition and connections between these industries, we looked at market size and growth, the results of scientific research, and current trends and future projections in the pharmaceutical and supplement industries.
There are always opportunities for the pharmaceutical industry to do more—whether that means boosting value for shareholders, improving access to much-needed medicines in emerging markets around the world, or developing cutting-edge new drugs to cure, treat, manage, or prevent serious medical conditions.
With these opportunities in mind, we asked a simple question with complex answers: how can the pharmaceutical industry be improved?