Sentences with phrase «with middle income»

«The Balls intervention perhaps highlights how there may be a range of different political responses to arguments about how and why part of Labour's electoral defeat was that it struggled with middle income, and particularly C2 voters, over issues like crime, welfare and immigration.»

The result is a «wedge» that tops up the earnings replacement of those with middle incomes without forcing unnecessary changes on those at the bottom.

Across income groups, renters with middle incomes experienced the greatest decline in financial assets.

Not exact matches

In other words, more than 300 million middle - class consumers with rising disposable incomes are propelling the consumption of China.

Unlike Americans, however, residents of New Zealand enjoy the protection of a robust welfare state including a public health system, 18 weeks of subsidized parental leave and benefits for middle - and low - income families with young children.

A typical middle - class couple with their home paid off needs only about 50 % to 60 % of the income they earned earlier in life to live an equivalent lifestyle.

The clear fact, though, is that middle and higher earners without access to a pension from their workplace are at strong risk of reaching retirement with inadequate income set aside.

So far, those concerns have had much less impact on sales in emerging markets, where entrance to the middle class includes consumption of higher - calorie, higher - fat food products that are only available with more disposable income.

Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.

China has some 300 million consumers it considers middle class, although with an average annual income equivalent to $ 5,000, such consumers earn considerably less than their U.S. counterparts.

By contrast, the AHCA is far more generous with middle and upper - middle - income folks.

The move drew fire from Democrats and other critics, who said it showed the Republican White House was aligned with Wall Street, not middle - income Americans.

Many middle - income jobs associated with home building, like plumbers, roofers, electricians, carpenters, etc., thrive along with residential construction.

The White House, with its big promise to help create jobs and raise incomes for the middle class, might have taken note.

«We will lower taxes for middle - income Americans so they can keep more of their hard - earned paychecks, and they can do lots of things with their paychecks,» Trump said.

By contrast, debt for the middle class — households with incomes from $ 43,501 to $ 69,500 — rose 12.5 %.

«It will be very significant — it's going to be focused on middle - income tax cuts, simplification, and making the business tax competitive with the rest of the world,» he told CNBC.

It's also important to note that the share of middle - income jobs has been declining, reflecting a polarized labor market that offers ever - bigger rewards to those with specialized knowledge and skills.

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.

Internet Introverts - Inactive, middle - aged men with low self - images despite higher incomes.

Incoming Cannings Purple chairman Keith Jones (middle) with director Annette Ellis and managing director Warrick Hazeldine.

With Asia's middle class growing, there are more people with disposable income to spend on flying, says Airbus» COO, John Leahy when discussing concerns over China's slowdown and future ordWith Asia's middle class growing, there are more people with disposable income to spend on flying, says Airbus» COO, John Leahy when discussing concerns over China's slowdown and future ordwith disposable income to spend on flying, says Airbus» COO, John Leahy when discussing concerns over China's slowdown and future orders.

It's getting tougher for lower - and middle - income households, with a net 18 % of lower - income households that are already stressed reporting deteriorating financial conditions.

In addition, lower - and middle - income groups are relying more and more on their credit cards, with these groups reporting a higher use of credit - card debt.

Eighty - one respondents with self - reported incomes from $ 10,000 to $ 399,999 said they considered themselves «middle - class,» according to the Palo Alto Weekly.

The authors, previously colleagues at Boston Consulting Group, noted how the growing income gap in the U.S. had created not only a sizeable affluent group able to purchase higher - quality items in almost every category but a habit among middle - income consumers of spoiling themselves on a single category of luxury purchases they identify with.

And now there are concerns that growth will decelerate into stagnation and China will fall into a middle - income trap, with weak manufacturing, exports and construction.

When he does, he invariably talks about three things — the corporate income tax rate cut, the tax cut for middle class families with kids, and Opportunity Zones.

[32] Most importantly, the IRS administers the premium tax credits to help millions of near - poor and middle - income taxpayers afford coverage in the health insurance marketplaces as well as assistance with health insurance deductibles and co-payments for taxpayers with modest incomes.

They allow lower and middle income families to shield their retirement savings from high rates of taxation and clawbacks of public pensions, leveling the tax «playing field» compared to high income families with access to many tax - planning strategies.

The Democratic - aligned economist Austan Goolsbee says there's a wrinkle in the new tax package that might make those numbers even worse: the individual tax cuts are set to expire after several years, and along with other tax changes, could mean higher taxes down the road for many lower - and middle - income people.

Both our families came to the US with nothing, so my wife and I went from low income (assisted living) to high middle class in 40 years of our lives.

That's middle class, with two incomes.

Significant lenders to U.S. «middle market» companies with revenue between $ 50M and $ 2.5 B, BDCs are required to distribute at least 90 % of all taxable income back to investors.

Even in Canada, we do have to make an effort to have that middle class life and retirement life and plenty of people who had two professional incomes did not save nearly enough and / or make the right financial moves, and struggle in retirement even with pensions.

«Eliminating the medical expense deduction amounts to a health tax on millions of Americans with high medical costs — especially middle income seniors,» the group said in a statement.

A six per cent increase to the top federal income tax bracket, for example, might bring in $ 1 or $ 2 billion per year — not nearly enough to compensate millions of middle - earners with stagnating wages.

First among these drivers is the growing number of upper middle class and affluent households, or those with more than $ 24,000 and $ 46,000 in annual disposable income, respectively.

However, to improve the prospects of middle income earners, a more forceful intervention might be needed through either higher mandatory contributions or at least auto - enrolment in private pensions with targeted financial incentives.

However, combining this with annual savings from tax simplification of $ 6 billion would give the government the resources to both cut income taxes for middle - income Canadians and modernize Canada's infrastructure.

With the wealthiest Americans better positioned to take advantage of the gains, the wealth of upper - income households in 2013 rose to 6.5 times greater than that of middle - income households, up from 4.5 times in 2007, according to the Pew Research Center.

This contrasts with proposed tax cuts for those in the middle of the income distribution of $ 1,000, or about 2 per cent.

The Liberals also want to cut taxes for low - and middle - income families, making a strategic distinction with the Conservatives, whose main tax breaks are available to all Canadians.

Educated professionals like scientists and architects could use their skills more productively, while many less - educated workers, like bank tellers and travel agents, saw their jobs being displaced by technology.6 This led to bigger employment shares for high - and low - skilled jobs at the expense of middle - skilled jobs in Canada, along with a modest increase in income inequality.7

Many countries in Central Europe, as well as China, South Korea and Taiwan, are still classified as «developing» but have actually reached middle - income status, with aging populations and slower long - term growth prospects.

Likewise, upper - income households are divided into upper - middle income households (with more than twice the overall median income and up to three times the median) and highest - income households (with more than three times the overall median income).

The report delivered to Flaherty showed the income of Canadian middle - class families did not grow as fast as other income groups over the last 35 years, with male workers in middle - class families having seen «little wage increases» since the mid-1990s.

Only a small minority (roughly 15 to 20 per cent) of middle - income Canadians retiring without an employer pension plan have saved anywhere near enough for retirement and the vast majority of these families with annual incomes of $ 50,000 or more will be hard pressed to save enough in their remaining period to retirement (less than 10 years) to avoid significant fall in income.

In 2014, an upper - middle income household with three people lived on about $ 126,000 to $ 188,000, and a highest - income household lived on more than $ 188,000.

The Conservative government's tax relief measures have seen low - and middle - income Canadians receive proportionately greater relief, she said, with about one - third of the personal income tax relief provided by the government in 2013 going to Canadians with incomes in the first tax bracket (under $ 43,561).