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Quotes about Household Income from the world's top natural health / natural living authors

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"Meanwhile, real median household income rose from $37,868 in 1981 to $42,049 in 1989. This, too, was much better than the rate of growth before or after the Reagan years. But much of it—maybe all of it—came not from real increases in wages, but simply from more people working longer hours, as we illustrated in our previous book. Real wage increases require three things: First, the society must save money so that it has the capital to invest. Second, it must invest the savings in profitable businesses. Third, these capital investments must result in increased productivity." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.) "So did household income and consumption per capita. People were twice as rich because they produced twice as much as they had a quarter century before. Productivity, or output per worker, rose 100 percent. But in 1973—two years after Richard Nixon took the nation off the gold standard—the economy lost its magic. No one knows exactly why. But that didn't stop people from having opinions about it. Conservatives thought economic policy had been too socialistic; there were too many rules, too many taxes, and too many government expenses." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.)

"And this: "Short of a significant fall in overall household income or in home prices, debt servicing is unlikely to become destabilizing." But just there was the big issue. With 70 percent of the economy now based on consumption and dependent on inflated house prices, if house prices didn't rise, there would be no more equity to take out. What would homeowners take out if they couldn't take out equity? Pizza?" - William Bonner, Lila Rajiva, Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics (Agora Series) (Get the book.)

"I have heard that Somalis spend as much as 65 percent of their household income on the dry green leaves, literally chewing up any future for themselves and their families. The truck drivers chew all day to make the long runs to and from the capital more bearable, and to finish the job as quickly as possible. The towns around Harar thrive on qat. We drive through market after market of nothing but women sitting next to huge bundles of branches and leaves. It is easy to grow and easy to sell. Why work for a living?" - Dean Cycon, Javatrekker: Dispatches From the World of Fair Trade Coffee (Get the book.)

"Maize is one of the world's great staple crops, essential for household income and food security in many developing countries. This is where the problems begin. In Central and South America, the region where maize was first cultivated for food by the ancient Maya, losses are projected in every country except Chile and Ecuador. These losses may be offset by technological improvements in the future, but subsistence family farmers will be less able to adapt than big mechanised growers. The majority of Africa is also expected to experience big declines in yields." - Mark Lynas, Six Degrees: Our Future on a Hotter Planet (Get the book.)

"Firms that are already in trouble or that depend on industries considered vulnerable will need to be monitored closely, especially if they represent a primary source of household income. That means keeping an eye open for any sort of hard news as well as opinions, rumors, and hearsay. Of particular importance will be information regarding creditworthiness and financial wherewithal." - Michael J. Panzner, Financial Armageddon: Protecting Your Future from Four Impending Catastrophes (Get the book.)

"Whatever it may be, this is no ordinary economy—it has a hunchback and two club feet. Jobs that ought to exist don't. Income that should be helping consumers to spend isn't there. Savings that are vitally important to economic growth have disappeared. We look at the body parts—the Dow, the latest employment numbers, Consumer Price Index (CPI) rates, and so forth—every day. But most of what we read is "noise"—meaningless distractions. The news items only make sense when we connect them to the spine." - William Bonner, Addison Wiggin, Empire of Debt: The Rise of an Epic Financial Crisis (Get the book.)

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