«Sixty to seventy per
cent of households in England affected by the [bedroom tax] contain somebody with a disability and many of these people will not be able to move home easily due to their disability.
This guidance document aims to support Lao PDR in achieving the goal defined in the Rural Electrification Master Plan, namely to provide access to electricity to more than 90 per
cent of households in Lao PDR by 2020.
In 2011, of the 42 per
cent of households in Victoria that contained children, just over 10 per cent were single parent households.
The report estimates that 1.48 million or 13.7 per cent of Canadian households were in core housing need in 2001, down from 1.57 million or 15.6 per
cent of households in 1996.
This represents an average of eight per
cent of all households in those centres.
The share of serious renovators is lower in the other centres, at 14 per
cent of households in Toronto, 13 per cent in Vancouver, and 11 per cent in Montreal.
Homeowners had a lower share at 17.8 per
cent of these households in 2006, up from 16.0 per cent five years earlier.
Not exact matches
According to the Canadian Bankers Association, 69 per
cent of household debt
in Canada is made up
of residential mortgage debt, while 18 per
cent comes from lines
of credit and five per
cent is credit card debt.
• Credit card delinquency rates remain low, at only 0.87 per
cent of total outstanding balances as
of April 2016, while credit card debt only makes up five per
cent of total
household debt
in Canada.
A 2013 survey conducted near its Tasiast mine
in Mauritania by local sociologists found that the number
of households living below the poverty line had been cut by more than half since 2011 and the unemployment rate had declined from 47 per
cent to 24 per
cent.
Nevertheless, Canada is a nation
of homeowners — nearly 70 per
cent of households own their dwelling (
in the Greater Toronto and Hamilton Area, around 120,000 owners possess more than one residential property.)
Paying for all
of the costs associated with a detached home
in the Vancouver area requires 121 per
cent of median
household income; for a condo, it's 46 per
cent of income, making it Canada's least affordable city, according to economists at the Royal Bank
of Canada.
We rage against out -
of - control CEO pay, demand stricter corporate governance, and yet we love the dominant leader who cuts through the noise, gives us something we didn't know we wanted and creates the most valuable company
in the world
in an industry — consumer electronics and entertainment — that commands just two or three per
cent of household budgets and GDP.
«For decades,
households in Ontario had incomes as much as 20 per
cent above the Canada average, and 10 per
cent higher as recently as the turn
of the century.
BMO says 84.4 per
cent of households headed by young people owe some form
of debt, compared with 82 per
cent of the same
households in 1984.
The value
of shares and other equities gained 3.7 per
cent in the quarter, while the value
of household real estate gained 1.5 per
cent.
Despite the increase
in debt,
households continued to get richer
in the third quarter as their net worth gained 2.2 per
cent on the back
of a strong stock market.
Meanwhile, the total
household debt service ratio, measured as total obligated payments
of principal and interest as a proportion
of household disposable income for both mortgage and non-mortgage debt, remained flat at 13.8 per
cent in the fourth quarter.
Statistics Canada said Thursday
household credit market debt as a proportion
of household disposable income was 170.4 per
cent in the fourth quarter.
As a share
of total
household sector disposable income, the cash flow effect
in this scenario is estimated be less than 0.2 per
cent on average per annum over each
of the next three years (Graph 7).
Growth
in household credit has remained relatively stable at around 5.5 per
cent since the beginning
of the year, a pace below the historical average (Chart 22), following an extended period
of rapid growth that led to a substantial buildup
in household debt.
This initiative did contribute to a massive decline
in instances
of absolute poverty — from 49 per
cent of total
households in 1970 to five per
cent by 2002.
Since the early 1980s, the proportion
of household financial assets held as deposits has fallen from about 50 per
cent to below 30 per
cent; this has been mirrored by a comparable rise
in the proportion
of household assets held as claims on life insurance and superannuation funds (Graph 11).
With funds managers holding about 15 - 20 per
cent of assets
in domestic bonds, the change
in the composition
of household assets has translated into higher demand for bonds — a demand which is no longer being met by government issues.
Given the nation's debt load — as
of February,
households had a record $ 2.1 trillion
of mortgage and non-mortgage debt — Poloz estimates the economy is 50 per
cent more sensitive to rate hikes than
in the past.
Debt payments now represent about 14 per
cent of household disposable income, the highest share
in three years.
The revisions showed that
in the first half
of 2017,
household consumption and residential investment combined totalled 64.3 per
cent as the share
of the total economy, a record.
«We find that 60 per
cent of the small business deduction goes to
households with more than $ 150,000
in income,» Mintz said,
of research he has previously done on the subject.
-- When changes
in the composition
of families are taken into account — including fewer adults per
household as family sizes decrease — the real after - tax income
of middle - class families increased 30 per
cent from 1976 to 2010 — on par with other income groups, but still lower than the top earners
Growth
in household disposable income picked up steadily over the past year, driven by solid employment growth, to be running at just under 6 per
cent over the year to the June quarter, the highest rate
of increase for almost three years.
Although it is less than 2 per
cent of total
household debt, growth
in margin lending has accounted for over a fifth
of the rise
in banks» personal lending (excluding credit cards) since 1996.
The tightening
in monetary policy has, however, resulted
in a rise
in the interest payments
of the
household sector from around 6 per
cent of household disposable income
in the first half
of 1999, to around 7 1/4 per
cent in the March quarter (Graph 15).
The robust rate
of spending by US
households and businesses has resulted
in a sharp increase
in imports into the US, with the volume
of imports increasing by 9.2 per
cent over the year to the December quarter.
Statistics Canada said
household credit market debt as a proportion
of household disposable income increased to 167.8 per
cent, up from 166.6 per
cent in the first quarter.
Either way, come September, for the first time, Australians can no longer watch Australia's One Day or Twenty20 Internationals played
in Australia on free - to - air television — with that (effectively siphoned) privilege going to the fewer than 30 per
cent of Australian
households subscribed to pay television.
Valuation effects, largely due to falls
in the prices
of bank shares, reduced the value
of the
household sector's directly owned share portfolio by 1.4 per
cent in the March quarter, but these shares have since rebounded
in value.
The ongoing accumulation
of household debt has led to a further increase
in the debt - servicing ratio; interest payments as a proportion
of disposable income rose to 9.3 per
cent in the September quarter (Graph 23), and are expected to rise further.
The U.K.'s Office
of National Statistics on Thursday said the economy grew 0.3 per
cent in the second quarter, after 0.2 per
cent in the first, the lowest growth for any major advanced economy since the start
of 2017, according to Reuters, which also reported flat business investment and little growth
in household spending.
Households» inflation expectations over the year ahead, as surveyed by the Melbourne Institute, have shifted up from an average
of 3 3/4 per
cent in the second half
of 1998 to around 5 per
cent in recent months (Graph 40).
National accounts data show that growth
in real
household consumption
in the second half
of 2003 was 7 per
cent on an annualised basis, the strongest pace
in over 20 years.
While payments are expected to rise
in Alberta, the report says that Calgary and Edmonton are still the most affordable condo markets when local incomes are taken into account, with mortgage payments taking only about 9 per
cent of household income.
Over the past decade,
household debt
in Australia has grown at an average annual rate
of just under 15 per
cent.
Canada wasn't the focus
of the panel discussion the governor was participating
in, but Carney did hint,
in passing, that the BoC is willing to put up with higher than two per
cent inflation
in order to avoid hurting highly indebted Canadian
households by raising interest rates too quickly.
People might not recognize that this is a huge chunk
of the population:
in the U.S., 35 to 45 per
cent of low - income
households are «unbanked» — which means that they possess neither a chequing nor a savings account.
Over the past year,
household credit has increased by around 20 per
cent, and with the value
of housing loan approvals continuing to rise over recent months, there seems little prospect for a near - term slowing
in the pace
of growth.
Currently, credit to the
household sector is growing at an annual rate
of about 20 per
cent, well
in excess
of what could be considered sustainable
in the medium to longer term (see the chapter on «Credit Growth» for a detailed discussion).
This was particularly the case
in Korea, where policy initiatives aimed at restraining
household borrowing contributed to a decline
in consumption
of 2 per
cent in the March quarter.
As a result,
household gearing — the ratio
of debt to assets — increased to around 15 per
cent in the March quarter.
The debt - servicing ratio reached 7.6 per
cent of household disposable income
in the March quarter (Graph 22).
Total
household assets rose by 6 per
cent over the year to the December quarter 2004 (Table 7),
in line with income but well below the average
of previous years.