Economists Do It With Models

Warning: “graphic” content…

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Ever Wonder Where All Of Your Money Goes?

July 21st, 2009 · 6 Comments
Decision Making · Just For Fun · Uncategorizable

I’m not sure how my RA does it, but he manages to find the most randomly awesome nerdy links and articles for me…it’s not even that I specifically ask, he just stumbles upon great things when perusing the world wide webiverse. (He can also play the hell out of a keyboard, but that is another matter. If you are curious, see Jarret Izzo here.) The latest is a charming visual on where all of our hard-earned dollars run off to:

I’m not sure why these were the two things that stood out to me, but I am amused by…

  • the ratio of spending on alcoholic beverages to spending on reading. This does not bode well for my career prospects. Maybe I will turn the blog into a drinking game and start brewing EDIWM beer. (I am nothing if not resourceful.)
  • the asterisk next to tobacco that says “including supplies.” It reminds me of a glassblowing class at MIT entitled “for tobacco purposes only,” and I will leave the conversation there. 🙂

The graphic is from a site called visualeconomics.com, and the content is pretty true to the title. There are a number of other interesting graphics for you to peruse if you get bored, and I may feature more of them in the future. For now, I am going to go buy some cleaning supplies, since I am pretty sure I am nowhere near the $639 mark, and that makes me feel a little dirty. (See? even I can’t escape the idea of mental accounting.)

Tags: Decision Making · Just For Fun · Uncategorizable

6 responses so far ↓

  • 1 Brian // Jul 21, 2009 at 5:55 pm

    ……..water pipes.

    They’re just water pipes, officer!

  • 2 Dave Undis // Jul 22, 2009 at 8:15 am

    It’s too bad this chart doesn’t show pre-tax dollars. The “taxes” slice would be pretty big.

  • 3 econgirl // Jul 22, 2009 at 2:05 pm

    Apparently potential law students like looking at spending also:

    http://top-law-schools.com/forums/viewtopic.php?f=10&t=80219

    Some of the comments are kind of funny…

  • 4 Lawrence M // Jul 22, 2009 at 6:32 pm

    well there’s a good chance I won’t enjoy the book as much as I’d expect, so I’d rather borrow it from a friend or library. I only buy books if I’m going to read it again or it’ll look good on my bookshelf.

    To the contrary, I know I (or that girl across the bar) will enjoy the alcoholic beverage much more than I expect. Besides, I’ve tried mooching free drinks…friends tend to remind me that I owe them a drink more than that I haven’t returned their books.

  • 5 jc // Jul 25, 2009 at 3:16 pm

    hmmm…. $450 for booze? some serious under-reporting here.

  • 6 Sam // Jul 27, 2009 at 11:37 am

    Bookmarked. Now my (bosses’) clients can get a nice visual of where their money is. You rock Jodi!

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