Sentences with phrase «middle quintile incomes»

Average real middle quintile incomes were lower in 2011 than they were in 1976, so concerns about income trends can not be dismissed.

Not exact matches

Recent studies indicate that while spending patterns shift in retirement, the overall trend in real dollars is down, and for the majority of retirees in the middle and upper income quintiles, they may find themselves with income that exceeds their spending.

But the existing publicly - available data do show that real, after - tax income growth in the middle income group has lagged behind the quintiles above and below it in the income distribution.

One of its conclusions is apparently that income growth in the middle fifth (or quintile) of the income distribution has lagged growth in the quintiles above and below it.

But not, at you might think, to the lowest income quintile: the middle quintiles have gained most.

Real after - tax income of middle - class families (considered the middle quintile or middle one - fifth of families) in Canada grew by only seven per cent between 1976 and 2010 — or 0.2 per cent per year — according to the report, with the average family income (after taxes and transfers) totalling $ 49,700 in 2010 for the middle - income families.

In fact, the growth in real average (after - tax, after - transfer) family income from 1976 to 2010 was the smallest in the middle - income group, at seven per cent, while the top quintile (top 20 per cent) saw their family income grow by 27 per cent during that time.

Social Security represents a substantial share of income for the bottom quintile but is less important for higher - earners — reflecting the progressive nature of the benefit formula and the fact that higher - earners have many other sources of income — whereas private retirement income is less important at the low end but is more important for middle and upper - income groups (those at the very top mostly rely on investment or business income).

Median net worth has declined steeply in the past generation — down 85.3 percent from 1983 to 2013 for the bottom income quintile, down 63.5 percent for the second - lowest quintile, and down 25.8 percent for the third, or middle, quintile.

«It punishes the poor for being poor, it punishes the middle class for living in a society that does not protect them and it rewards those who already have it made by either growing up white, growing rich, or growing up in a state that protects only those who are in the top quintile or in some cases the top one percent of income earners.»

That's not just true for the middle class, but across every income quintile.

To squeeze into the middle quintile for unattached earners — in other words, to make it nearly halfway up the income ladder, ahead of 40 % of your peers — a single person requires an annual income of at least $ 20,901.

In 2013, American households in the middle quintile of income spent an average of $ 5,728 on food.

For the gasoline part of carbon taxes, we estimate that around two - thirds will be paid by above - average - income households (calculated by summing: the first and second quintiles» shares of gasoline expenditures in the pie chart above, plus half of the middle quintile's share, yielding a total of 66 %; data are from the Bureau of Labor Statistics» Consumer Expenditure Survey, 2014).

What's more, most of the poor now possess items that you would find in most middle - class households; according to a 2011 Census report, 53 percent of households in the lowest income quintile have a computer, 65 percent have a clothes dryer, and 38 percent have a washer, dryer, refrigerator, stove, dishwasher and a telephone.