Economic Newsletter

Smoothing the Path: Balancing Debt, Income, and Saving for the Future

The life cycle model shows that saving for the future requires people to limit consumption during their working years and save so they will have a “nest egg” to draw on during retirement. Recent changes in how people save for retirement have shifted some responsibility from firms to...

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Economics and the Environment

How are economics and the environment related? The quick answer is that environmental quality is a worthy goal, but there is an economic trade-off -- a clean environment does not come without costs. The September 2014 Page One Economics article, "Economics and the Environment", provides...

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The Economics of Immigration: A Story of Substitutes and Complements

America is a nation of immigrants, who currently make up about 13 percent of the overall population. The May 2014 issue of the Page One Economics Newsletter shows how immigration affects the average American. The essay weighs the costs and benefits of immigration and discusses the concept of...

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Would Increasing the Minimum Wage Reduce Poverty?

The nonpartisan Congressional Budget Office tackles that question in a new report and highlights the trade-off presented by increasing the minimum wage. This issue of the newsletter explains the debate and discusses whether other approaches may be more effective in helping alleviate poverty.

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The Rising Cost of College: Tuition, Financial Aid, and Price Discrimination

The cost of a college education seems to be skyrocketing—but is it really? Learn about the concept of price discrimination and how it affects college costs.


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The Global Economy: It's a Small World After All

To understand why people trade, suppose you were limited to consuming only items you could find within walking distance of your house. Or, perhaps even worse, only items you could produce yourself. For most of us, this restriction would severely diminish the variety of goods and services we enjoy...

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Why Scarce Resources Are Sometimes Unemployed

The unemployment rate always seems to be in the news, but did you know there are different kinds of unemployment? There is the natural rate of unemployment; cyclical, frictional, and structural unemployment; plus underemployment. Read the October 2013  Page One Economics Newsletter, “Why...

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What Are the "Ingredients" for Economic Growth?

Is there a recipe for economic growth? Perhaps some Miracle-Gro for the economy? If only it were that easy. While the exact recipe is a mystery, economists have identified some of the key ingredients. This month’s newsletter discusses the role that economic institutions play in fostering...

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Making Sense of the Ups and Downs of Prices

"Back in my day, a gallon of gas cost a quarter!" Has your grandfather ever said something like this to make a point about how expensive things are now?  The price of gasoline indeed used to be much lower. In fact, the price of gasoline has risen from a little over $1 per gallon in...

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GDP: Does It Measure Up?

How is the total value of all the goods and services produced in a country’s economy measured? Gross domestic product (GDP) is one common and fairly comprehensive measure. This month’s newsletter explains GDP components and how it is calculated. It also describes what GDP does—and...

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Glossary

Definition of the Week

Compound Interest:
Interest computed on the sum of the original principal and accrued interest.

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Related Reading

Nov 3, 2014

Federal Reserve Bank of St. Louis in cooperation with the SIFMA Foundation.

Wealth Creation for All is the second video in the Tools for Enhancing the Stock Market Game™: Invest it Forward™ series. This video emphasizes the importance of developing the saving habit early. It explains the importance of establishing an emergency fund first and then moving on to making investments. Wealth Creation for All suggests investing in the capital markets to meet financial goals. The video explains the concept of risk vs. return, what capital markets are and how we all can participate in them.

Nov 3, 2014
Emmons, William and Noeth, Bryan. 
Federal Reserve Bank of St. Louis
In the Balance, August 2014, Issue 9

This article examines recent trends in household debt by age and year of birth, or cohort. In particular, members of Generation X (born between 1965 and 1980) were the most aggressive borrowers prior to the financial crisis, and their cumulative debt increases to date remain the largest in percentage terms among all age groups.

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The labor force participation rate for native-born workers in March 2014 is 63.2%, while the labor force participation rate for foreign born is 66.1%.

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