Not exact matches
But for most
households,
high debt is the disease, not the cure, and adding more debt to «stimulate
spending» is like trying to put out a fire with gasoline.
While
household spending is similar in some areas, low - income Americans
spend a significantly larger proportion of their money on housing, while
high - income Americans
spend a much
higher proportion on insurance and retirement expenses.
So,
high - earning
households spend significantly more of their income on Social Security — which is automatically deducted from all earned income for individuals at a rate of 6.2 % — and payments into retirement plans.
In the October report, there were five: stronger - than - expected U.S. growth;
higher - than - expected oil prices; the possibility that weak business investment had altered the economy's potential; slower growth in less advanced economies such as China; and a tilt to saving from
spending by Canada's heavily indebted
households.
Not only is she setting an example for her daughter as a busy executive who prioritizes
spending high quality time with her children, her son sees his father helping in the kitchen and with other
household matters.
«With gasoline prices remaining low (providing a huge windfall to U.S. consumers), confidence sky -
high and the buoyancy in labor market activity likely to bolster
household income, we expect consumer
spending activity to rebound strongly in the coming months,» Mulraine said.
Social networkers with low
household income
spending more time than those with
high household income (3.7 hours vs. 3.1 hours);
The increased borrowing, together with the greater wealth that comes with
higher asset prices, encourages
households to
spend more, generating income for other
households and creating opportunities for companies.
Likewise, the disinflationary tailwind of lower oil and gas prices should provide a much greater disposable income boost to lower income
households than
higher income groups, as the former generally
spend a larger share of income on energy.
If policymakers want
higher spending, they should transfer cash directly to
households.
Provisions that increased
households» after - tax income quickly — and thus were most likely to increase
spending quickly — received the
highest grades.
«The tax cuts will go to
higher income
households that have a lower propensity to
spend the money.
In Raleigh, for example,
high - income
households receive an average MID benefit of $ 1,996, while
spending on Section 8 and MID benefits for low - income
households amount to just $ 213 - the difference between these values is a factor of 9.4.
These programs are particularly beneficial to low - income
households, which
spend a
higher percentage of their income on energy bills.
The pick - up in consumption in the March quarter appears to be continuing and is being supported by further increases in consumer confidence;
household spending increased by 2 1/2 per cent in the June quarter and consumer confidence is now at its
highest level in 4 years (Graph 3).
This lends support to our forecast that there will be a slowdown in growth in Q2 from slower government
spending, delayed
household adjustment to
higher tax burdens, and a smaller increase in inventories.
What the world badly needs is credit expansion to fuel new investment that raises productivity, and for that productivity gain to flow through to
higher wages and
household spending.
The Canadian consumer, meanwhile, might be benefiting from somewhat cheaper gasoline, but their
spending capacity is stretched thanks to a record
high level of
household debt.
Through
higher savings, U.S.
households have materially paid down debt relative to their disposable incomes over the past decade, and this creates further opportunity for growth in consumer
spending.
A
high rate of growth in
spending by
households has been an important factor sustaining the strong performance of the Australian economy.
What if Trump's pro-business plans, along with maybe even some infrastructure
spending, combined with some
household formation from the millennials, causes velocity to tick
higher?
«Low rates and
higher asset prices should support
household and business
spending and investment through various channels.»
Though it boosts the economy in the short term,
high levels of
household debt add pressure on the economy in the long run, as
households are forced to cut
spending in order to repay their debt.
Women who are
high powered do not generally want men who want to
spend their time managing the
household social calendar (something that is a HUGE job for a stay - at - home parent.)
«But weak wage growth and
high levels of unemployment will continue to be a brake on
household spending.»
Spending more money on apprenticeships and reducing council tax for all - pensioner
households were also
high up the list.
He won't be talking about looming
high inflation squeezing those same
households»
spending power.
«
Spending in the wider economy is also hit because millions of public sector workers are enduring a pay freeze - while inflation is
high and the cost of
household necessities, like energy, are soaring.
Other impacts, according to the researchers:
Households in the lowest income bracket
spend twice the proportion of their income on electricity than those in the
highest income bracket.
«These regions had the
highest household spending associated with clothing,» Ivanova said.
Fashion sales up but future looks gloomy (Times Online) «Sales of clothes, shoes and textiles were 9.5 per cent
higher than in April last year, the biggest annual rise since July last year... Analysts said that retailers would struggle to keep up the momentum as
households faced sluggish earnings growth and political uncertainty as well as tax rises and
spending cuts.»
A modern conservative columnist, Kate O'Beirne, writing in the National Review, has questioned the value of food stamps, school breakfasts and lunches, and the WIC programs (Special Supplemental Nutrition Program for Women, Infants, and Children): «With rates of excess weight and obesity
highest among low - income
households, budget officials should be asking themselves why tens of billions of dollars are being
spent each year by federal nutrition programs aimed at boosting food consumption by the poor.»
This anxiety might be found in any public school, but in a socioeconomically disadvantaged school like Paul Cuffee, with a population that includes 89 % racial minorities, 77 % students qualifying for free or reduced lunch, and 46 % from families living in deep poverty (with
household incomes at less than half the federal poverty level), the stakes are exceptionally
high when
spending decisions are made.
An expected increase in interest rates and
higher mortgage payments might put the brakes on
household spending on consumer goods.
According to a CBC News article, a
higher interest - rate environment could lead to a significant increase in Canadian
household debt financing, as opposed to consumer
spending.
The solution: Create a
household budget, get your
spending back under control and pay off
high interest debt before the debt waters rise even further.
The strong expansion of
household spending, encouraged by a prolonged period of historically low borrowing rates, has created concerns over Canadians» record -
high debt loads.
Just last year, Canada's
household debt burden hit record
highs, and holiday
spending was up another 8 percent.
The middle - class couple earns $ 50,000 each (by the way, this $ 100,000 of
household income is still much
higher than the median Canadian
household income of $ 76,000), and
spends collectively $ 60,000 a year.
According to Statistics Canada, the average Canadian
household spends just over $ 500 a month at the grocery store — depending on which city or region you live in, however, that number could be a lot
higher.
TORONTO, ON - The average Canadian will
spend 8 per cent more this holiday season than they did last year, and with Canadian
household debt at a record
high, many people will be facing significant debt levels come January.
Concurrently, horse owners presented a
higher household income compared with other pet owners and the rest of the population.The average amount
spent to purchase a horse in 2006 was $ 6,900.
U.S.
households spend more each year on their pets than on prescription drugs, furniture or men and boys» clothing, according to U.S. Bureau of Labor Statistics data collected by the Census Bureau, pet ownership is at a record
high nationwide.
Working dogs, who come into contact with birds and other animals those which like to scavenge, who
spend a lot of time in or near water, live in
households with young children, or live in areas where there is a
higher risk of picking up certain types of parasites may need treating more frequently
Retailers should also keep in mind that the natural consumer typically has a
higher -
household income and is more likely to
spend more money than non-natural consumers.
There is ample evidence in the UK of increasing fuel poverty (i.e.,
household spending over 10 % of disposable income keeping warm in winter) in the regions of wind farm deployment where
higher electricity bills are needed to cover the rent of the land (from usually already rich) landowners, a direct reversal of the process whereby cheap energy over the last century has lifted a significant fraction of the world's poor from their poverty.
Without these energy reforms, the report finds that oil production would be 1 mb / d lower in 2040, electricity costs would be
higher, and
household spending would be hit.
After all, the critics say, lower - income
households spend a
higher percentage of their budgets on energy than rich ones do, and the price of energy produced from carbon - intensive fuels is likely to rise.
From 2013 to 2015, personal income averaged 1.4 %
higher and
households also
spent less on electricity, which had the combined effect of greater
spending on consumable goods and services.
These programs are particularly beneficial to low - income
households, which
spend a
higher percentage of their income on energy bills.