MIT economists Hong Ru and Antoinette Schoar analyzed more than a million credit card mailings from 1999 to 2011 and made note of the income and education levels of recipients.
Arthur C. Brooks has an op-ed in the Times examining various studies that look at our relationship with vacations and what they reveal about us.
This from NYMag’s Science of Us blog, “The Unshakeable Optimism of Thirtysomethings.” I think if anything it’s the unshakeable optimism of human people, who want to feel like anything is possible for long as is possible. When do we lose that? I hope not any time soon, but if you have (jquick?), please let us know in the comments.
You can count me among the nonchef idiots who pay three times more for brand-name pain relievers et alia instead of CVS-brand something-or-other. This BloombergView piece has almost convinced me to shake off my leftover childhood class anxiety and stop doing things like buy the most expensive pregnancy test because that probably means it’s the best.
We love to poke holes in the idea that going into debt to get a college degree is always “worth it” but according to this article in the Upshot, new income statistics show that the pay gap between bachelor’s degree-holding people and everyone else is bigger than ever. The numbers come from the Economic Policy Institute’s analysis of Labor Department statistics, and report that “Americans with four-year college degrees made 98 percent more an hour on average in 2013 than people without a degree” (up from 89% in 2008, 85% in 2003 and 64% in the early 1980s).