Sentences with phrase «higher household costs»

Not exact matches

YELLOWKNIFE, Northwest Territories, May 1 (Reuters)- Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.

YELLOWKNIFE, Northwest Territories, May 1 - Bank of Canada Governor Stephen Poloz said on Tuesday there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.

The household products maker also saw revenue beat estimates, but did see its profit margins impacted by higher commodity costs.

The bank, in turn, will pass on those costs to households in the form of higher interest rates.

For example, Crain said, take a household in the highest - income group with multiple people working jobs, several children to support, no assets, and live in an area with a high cost of living.

Consumer purchases have been slowing down in recent months as households face higher costs for borrowing, stricter mortgage rules and large debt loads.

The central bank noted in its statement that «financial vulnerabilities in the household sector continue to edge higher,» which is the Governing Council's way of saying that ultra-low borrowing costs continue to put upward pressure on asset prices and personal debt.

Poloz said there is good reason to believe the central bank can manage the risks of Canada's high household debt, even as he signaled that interest rate hikes will continue, increasing the cost of that debt.

Any number of shocks could send Canada's house of cards tumbling, the bank says, particularly higher borrowing costs that pinches households already carrying record high levels of debt.

For households with kids, higher costs for education and child care may play a role.

Risks associated with the Consumer Discretionary sector include, among others, apparel price deflation due to low - cost entries, high inventory levels and pressure from e-commerce players; reduction in traditional advertising dollars; increasing household debt levels that could limit consumer appetite for discretionary purchases; declining consumer acceptance of new product introductions; and geopolitical uncertainty that could impact consumer sentiment.

Long - term interest rates are currently low due to low global inflation expectations and moderate growth potential in Canada due to lower oil prices, a heavily indebted household sector and a weakened manufacturing base due to relatively high unit labour costs.

Wyoming residents are less likely to live paycheck to paycheck than residents in a majority of states thanks to a relatively high median household income and a manageable cost of living.

New Jersey residents are less likely to live paycheck to paycheck than their neighbors in New York thanks to a higher median household income and lower housing costs.

Despite having the ninth - highest median household income, California residents have the second - least income left over after the cost of living expenses.

Median home values are 613 percent higher and median household incomes are 328 percent higher than Ohio as a whole, but the cost of living in The Village of Indian Hill is just 108 percent higher than the rest of the state, according to AreaVibes.

Minnesota ranks higher than Utah thanks to a slightly higher median household income, and lower housing and transportation costs.

The cost of living in this city is 34 percent higher than the rest of the state, although the median household income is 154 percent higher.

Housing in Marvin is 250 percent more expensive than North Carolina overall and the median household income is 239 percent higher, making the cost of living 62 percent higher than the entire state, according to AreaVibes.

Millennials have grown up in the shadow of the Great Recession, are saddled with higher education debt and housing costs, and are forming households later.

The average Nebraska resident can have more than 47 percent of their paychecks left over after expenses thanks to a low cost of living and a relatively high median household income.

Meanwhile, high - income earners make up just 12.5 percent of cost - burdened households but receive 60.1 % of federal housing assistance.

Unless China is able, very improbably as I have argued, to reform the financial sector deeply enough and quickly enough, the cost of a more competitive (i.e. more highly subsidized) export sector is ultimately a rise in the debt burden, unless of course Beijing is willing to tolerate higher unemployment or to implement greater wealth transfers from the state to the household sector.

«That's unfair to our kids, and it's unfair to households already struggling with the high cost of living in Christy Clark's B.C.,» Horgan said.

And, despite historically low interest rates, affordability measures such as the RBC Housing Affordability Index, which measures home ownership costs as a percentage of household income, remain stubbornly high.

Your cost of living would increase 14 % on average if you were a single - income earning household making $ 60,000 a year due to higher taxes, housing and food costs.

Lenders have passed on their higher funding costs to borrowers, both households and businesses.

In San Francisco, California, where the cost of living is among the highest in the nation, the 2018 USDA income limits for a 1 - 4 member household is $ 145,700, and $ 192,300 for a household of eight.

USDA eligibility for a 1 - 4 member household requires annual household income to not exceed $ 78,200 in most areas of the country, but up to $ 202,250 for certain high - cost areas; and annual household income for a 5 - 8 member household to not exceed $ 103,200 for most areas, but up to $ 266,950 in expensive locales.

It very accurately depicts the struggle for people in higher * salary * income households living in high cost areas.

I completely take Jamin's point that the largest cost is taxes for households with two working partners, and that the averages of tax / income are shockingly high.

Strong labour markets and historically low borrowing costs have allowed Canada's households to amass one of the highest debt - to - income ratios in the developed world.

Households now face higher food costs as well as the higher gasoline costs driven by disruptions in the Middle East.

Further, servicing costs of those households with debt are considerably higher than indicated by the average experience across the household sector, and have risen a good deal over the past ten years.

Only 2 per cent of households with children that have one adult working full - time and one part - time are in poverty — and that is despite the UK's extremely high housing costs caused by planning policies.

Telstra has been battered by the high cost of providing NBN services to households and the looming entrance of TPG into the mobile market.

The Community Eligibility Program (CEP) is a meal service option for schools and school districts in low - income areas — allowing the nation's highest poverty schools and districts to serve breakfast and lunch at no cost to all enrolled students without the burden of collecting household applications.

Not surprisingly, research shows that household food insecurity is a strong predictor of higher health care utilization and increased health care costs.

- A fair cap on household benefits - not one that costs more than it saves, and which takes account of housing costs in different parts of the country — with an independent body, like the Low Pay Commission, advising on whether the cap should be higher in high - cost housing areas like London, but potentially lower in other parts of the country;

Improving the homes of all low income households, rather than «LIHC fuel poor», households is required as it helps overcome the difficulty of «churn» arising from the relative Low Income High Cost (LIHC) definition and make the delivery and targeting of programmes much more straightforward.

Households in England and Wales deserve better, especially in a period where such a high proportion of living costs can be attributed to house prices.

The chancellor's preferred option of relying more on gas up to 2030 would increase costs by # 312m, or # 478m if gas prices are higher than expected — between # 10 - 15 per household.

We used that decision - making power to deliver on promises we had made to the electors: rapid demographic change had led to a shortage of local primary school places, so in the last four years we used the Council's resources to expand local primary schools to create twice as many; concerns about a scruffy and run down high street were addressed by comprehensive neighbourhood renewal; and pressure on household budgets was relieved by freezing the council tax and the cost of resident's parking permits.

It is also to enable students dropping out at the SHS who otherwise would have continued to acquire functional skills, as well as increase the chances of students from poor background accessing high education to reduce the cost of education of many households.

In Scotland, the longer heating season and consequent higher energy costs exacerbate the scale of fuel poverty and emphasise the need for additional support for households in Scotland in terms of both energy efficiency funding and support with fuel costs.

«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.

The HS2 high speed rail line has an «appalling» business case, will cost each household # 3,000 and has «blown its budget» three times, said a former Conservative cabinet member.

Businesses are still unable to get assurances of reliable power supply, and continue to incur high cost of running businesses, unemployment remains high and people continue to lose their jobs and households continue to suffer because of dumsor, so once again, it was the usual rhetoric.

Mike Kelly, of KPMG, said: «With the cost of living still high, the squeeze on household finances remains acute, meaning the reality for many is that they are forced to live hand - to - mouth.

And surprisingly, among parents in households earning more than $ 60,000 a year, nearly 10 % said their child had decreased sports participation because of cost — twice as high as reported in 2012.