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Housewife Hidden Savings
Housewife hidden savings is a type of savings traditionally kept in the home by housewives in non-egalitarian marriages who are unbanked. It can be seen as a form of resistance to patriarchy, as well as a hedge against a husband's profligacy or as a contingency fund, or as security in case of divorce. The phenomenon exists in multiple countries, and can become a social or political issue, for example in the 2016 Indian banknote demonetisation. In some societies, this surreptitious custom is attached to a particular term, idiom, or other cultural expression: In Japan, it is referred to as ''hesokuri'' ("navel hoarding"), or in the past it was ''haribako-gin'' ("sewing box silver"); in Germany, it is referred to as ''schwarze Kasse'' ("black coffer"); and in Eastern European Jewish communities, it is called the ''knipl'' ("knot", as in a knotted kerchief A kerchief (from the Old French ''couvrechief'', "cover head"), also known as a bandana, bandanna, or "Wild Rag" (in cowboy cult ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saving
Saving is income not spent, or deferred consumption. Methods of saving include putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs. In terms of personal finance, saving generally specifies low-risk preservation of money, as in a deposit account, versus investment, wherein risk is a lot higher; in economics more broadly, it refers to any income not used for immediate consumption. Saving does not automatically include interest. ''Saving'' differs from ''savings''. The former refers to the act of not consuming one's assets, whereas the latter refers to either multiple opportunities to reduce costs; or one's assets in the form of cash. Saving refers to an activity occurring over time, a flow variable, whereas savings refers to something that exists at any one time, a stock variable. This distinction is often misunderstood, and even professional economists an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Housewife
A housewife (also known as a homemaker or a stay-at-home mother/mom/mum) is a woman whose role is running or managing her family's home—housekeeping, which includes caring for her children; cleaning and maintaining the home; making, buying and/or mending clothes for the family; buying, cooking, and storing food for the family; buying goods that the family needs for everyday life; partially or solely managing the family budget—and who is not employed outside the home (i.e., a '' career woman''). The male equivalent is the househusband. ''Webster's Dictionary'' defines a housewife as a married woman who is in charge of her household. The British ''Chambers's Twentieth Century Dictionary'' (1901) defines a housewife as "the mistress of a household; a female domestic manager ... In British English, a small sewing kit is also sometimes called a ''huswif,'' ''housewife'' or ''hussif''. In the Western world, stereotypical gender roles, particularly for women, were challenged b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gender Equality
Gender equality, also known as sexual equality or equality of the sexes, is the state of equal ease of access to resources and opportunities regardless of gender, including economic participation and decision-making; and the state of valuing different behaviors, aspirations and needs equally, regardless of gender. Gender equality is the goal, while gender neutrality and gender equity are practices and ways of thinking that help in achieving the goal. Gender parity, which is used to measure gender balance in a given situation, can aid in achieving gender equality but is not the goal in and of itself. Gender equality is more than just equal representation, it is strongly tied to women's rights, and often requires policy changes. , the global movement for gender equality has not incorporated the proposition of genders besides women and men, or gender identities outside of the gender binary. UNICEF says gender equality "means that women and men, and girls and boys, enjoy the sa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unbanked
The unbanked are adults who do not have their own bank accounts. Along with the underbanked, they may rely on alternative financial services for their financial needs, where these are available. Causes Some reasons a person might not have a bank account include: * Lack of access via a nearby bank branch or mobile phone * Minimum balance fees * Distrust of the banking system, typically due to lack of transparency regarding fees and deposit timingThe Unbanking Of America - ''Think'' interview with economist Lisa Servon * No access to government-issued ID, which is required to open a bank account The unbanked in the United States The ''unbanked'' are described by the[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intra-household Bargaining
Intra-household bargaining refers to negotiations that occur between members of a household in order to arrive at decisions regarding the household unit, like whether to spend or save, whether to study or work. Bargaining is traditionally defined in economic terms of negotiating conditions of a purchase or contract and is sometimes used in place of direct monetary exchange. Bargaining process within a family is one of the important aspects of family economics. Bargaining also plays a role in the functioning and decision making of households, where agreements and decisions do not often have direct monetary values and affect various members of the household. Household dynamics The household is traditionally described as a single economic unit that "works as a group for its own good", meaning all members of the household contribute in an altruistic manner towards the benefit and functioning of the entire household. The household is "the basic residential unit in which economic producti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patriarchy
Patriarchy is a social system in which positions of dominance and privilege are primarily held by men. It is used, both as a technical anthropological term for families or clans controlled by the father or eldest male or group of males and in feminist theory where it is used to describe broad social structures in which men dominate over women and children. In these theories it is often extended to a variety of manifestations in which men have social privileges over others causing exploitation or oppression, such as through male dominance of moral authority and control of property. "I shall define patriarchy as a system of social structures, and practices in which men dominate, oppress and exploit women." "There are six main patriarchal structures which together constitute a system of patriarchy. These are: a patriarchal mode of production in which women's labour is expropriated by their husbands; patriarchal relations within waged labour; the patriarchal state; male viole ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spendthrift
A spendthrift (also profligate or prodigal) is someone who is extravagant and recklessly wasteful with money, often to a point where the spending climbs well beyond his or her means. "Spendthrift" derives from an obsolete sense of the word "thrift" to mean prosperity rather than frugality, so a "spendthrift" is one who has spent their prosperity. Historical figures who have been characterised as spendthrifts include George IV of the United Kingdom, King Ludwig II of Bavaria, and Marie Antoinette the Queen of France. The term is often used by news media as an adjective applied to governments who are thought to be wasting public money. Etymology While the pair of words may seem to imply the opposite of its meaning (as if you are thrifty in your spending), it follows the tradition of the earlier word "scattergood", the first part being an undoing of the second. In artwork William Hogarth's ''A Rake's Progress'' (1732–33) displays in a series of paintings the spiralling fortune ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Contingency Fund
A contingencies fund or contingency fund is a fund for emergencies or unexpected outflows, mainly economic crises. European Union The European Union created a vast contingency fund in 2010 to counteract the Great Recession. India The Constitution of India authorized the parliament to establish a contingency fund of India. The Contingency Fund of India is established under Article 267(1) of the Indian Constitution. It is in the nature of an imprest (money maintained for a specific purpose). Accordingly, Parliament enacted the contingency fund of India Act 1950. The fund is held by the Finance Secretary (Department of Economic Affairs) on behalf of the President of India and it can be operated by executive action. The Contingency Fund of India exists for disasters and related unforeseen expenditures. In 2005, it was raised from Rs. 50 crore to Rs 500 crore. In 2021, it was proposed to raise the fund to Rs 30,000 crore. Approval of the Parliament of India for such expenditure an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2016 Indian Banknote Demonetisation
On 8 November 2016, the Government of India announced the demonetisation of all ₹500 and ₹1,000 banknotes of the Mahatma Gandhi Series. It also announced the issuance of new ₹500 and ₹2,000 banknotes in exchange for the demonetised banknotes. Prime Minister Narendra Modi claimed that the action would curtail the shadow economy, increase cashless transactions and reduce the use of illicit and counterfeit cash to fund illegal activity and terrorism. The announcement of demonetisation was followed by prolonged cash shortages in the weeks that followed, which created significant disruption throughout the economy. People seeking to exchange their banknotes had to stand in lengthy queues, and several deaths were linked to the rush to exchange cash. According to a 2018 report from the Reserve Bank of India ₹15.3 trillion of the ₹15.41 trillion in demonetised bank notes, or approximately 99.3%, were deposited in banks, leading analysts to state that the effort had fail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kerchief
A kerchief (from the Old French ''couvrechief'', "cover head"), also known as a bandana, bandanna, or "Wild Rag" (in cowboy culture), is a triangular or square piece of cloth tied around the head, face or neck for protective or decorative purposes. The popularity of ''head kerchiefs'' may vary by culture or religion, often being used as a Christian headcovering by women of the Anabaptist, Eastern Orthodox, and Plymouth Brethren denominations, as well as by some Orthodox Jewish and Muslim women. The ''neckerchief'' and ''handkerchief'' are related items. Types Bandana A bandana or bandanna (from Sanskrit बन्धन or bandhana, "a bond") is a type of large, usually colourful kerchief, originating from the Indian subcontinent, often worn on the head or around the neck of a person. It is considered to be a hat by some. Bandanas are frequently printed in a paisley pattern and are most often used to hold hair back, either as a fashionable head accessory, or for practical purpo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Family Economics
Family economics applies economic concepts such as production, division of labor, distribution, and decision making to the family. It is used to explain outcomes unique to family—such as marriage, the decision to have children, fertility, polygamy, time devoted to domestic production, and dowry payments using economic analysis. The family, although recognized as fundamental from Adam Smith onward, received little systematic treatment in economics before the 1960s. Important exceptions are Thomas Robert Malthus' model of population growthThomas Robert Malthus, 1798. '' An Essay on the Principle of Population''. Full text on WikiSource. and Friedrich Engels'Friedrich Engels, 1981, The Origin of the Family, Private Property and State, International Publishers, pp 94-146 pioneering work on the structure of family, the latter being often mentioned in Marxist and feminist economics. Since the 1960s, family economics has developed within mainstream economics, propelled by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Informal Economy
An informal economy (informal sector or grey economy) is the part of any economy that is neither taxed nor monitored by any form of government. Although the informal sector makes up a significant portion of the economies in developing countries, it is sometimes stigmatized as troublesome and unmanageable. However, the informal sector provides critical economic opportunities for the poor and has been expanding rapidly since the 1960s. Integrating the informal economy into the formal sector is an important policy challenge. In many cases, unlike the formal economy, activities of the informal economy are not included in a country's gross national product (GNP) or gross domestic product (GDP). However, Italy has included estimates of informal activity in their GDP calculations since 1987, which swells their GDP by an estimated 18% and in 2014, a number of European countries formally changed their GDP calculations to include prostitution and narcotics sales in their official GDP sta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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