households

Stimulus payments leave households better off so far, but analysts warn of looming $60b hit

The Federal Government's stimulus package is supporting Australian households during the coronavirus pandemic, with a surge in unemployment payments more than offsetting the fall in income from job losses, according to the Commonwealth Bank.




households

Portugal's low-income households struggle to survive pandemic

One in four Portuguese with a monthly household income of 650 euros ($705) or less have lost all their income because of the economic impact of the coronavirus outbreak, a study by the National School of Public Health showed on Saturday.




households

Financial well-being: Measuring financial perceptions and experiences in low- and moderate-income households

Thirty-nine percent of U.S. adults reported lacking sufficient liquidity to cover even a modest $400 emergency without borrowing or selling an asset, and 60 percent reported experiencing a financial shock (e.g., loss of income or car repair) in the prior year. While facing precarious financial situations may leave households unable to manage essential expenses and…

       




households

To help low-income American households, we have to close the "work gap"


When Franklin Roosevelt delivered his second inaugural address on January 20, 1936 he lamented the “one-third of a nation ill-housed, ill-clad, ill-nourished.” He challenged Americans to measure their collective progress not by “whether we add more to the abundance of those who have much; [but rather] whether we provide enough for those who have too little.” In our new paper, One third of a nation: Strategies for helping working families, we ask a simple question: How are we doing?

In brief, we find that:

  • The gulf in labor market income between the haves and have-nots remains wide. The median income of households in the bottom third in 2014 was $24,000, just a little more than a quarter of the median of $90,000 for the top two-thirds.
  • The bottom-third households are disproportionately made up of minority adults, adults with limited educational attainment, and single parents.  
  • The most important reason for the low incomes of the bottom third is a “work gap”: the fact that many are not employed at all, or work limited hours. 

The work gap

The decline in labor force participation rates has been widely documented, but the growing gulf in the work gap between the bottom third and the rest of the population is truly striking:

While the share of men who are employed in the top two-thirds has been quite stable since 1980, lower-income men’s work rates have declined by 11 percentage points. What about women?

Middle- and upper-income women have increased their work rates by 13 percentage points. This has helped maintain or even increase their family’s income. But employment rates among lower-income women have been flat, despite reforms of the welfare system and safety net designed to encourage work.

Why the lack of paid work for the bottom third?

Many on the left point to problems like low pay and lack of access to affordable childcare, and so favor a higher minimum wage and more subsidies for daycare. For many conservatives, the problem is rooted in family breakdown and a dependency-inducing safety net. They therefore champion proposals like marriage promotion programs and strict work requirements for public benefits. Most agree about the importance of education.

We model the impact of a range of such proposals, using data from the Census Bureau, specifically: higher graduation rates from high school, a tighter labor market, a higher minimum wage, and “virtual” marriages between single mothers and unattached men. In isolation, each has only modest effects. In our model, the only significant boost to income comes from employment, and in particular from assuming that all bottom-third household heads work full time:

Time to debate some more radical solutions 

It may be that the standard solutions to the problems of the bottom third, while helpful, are no longer sufficient. A debate about whether to make safety net programs such as Food Stamps and housing assistance conditional on work or training is underway. So are other solutions such as subsidized jobs (created by some states during the Great Recession as a natural complement to a work-conditioned safety net), more work sharing (used in Germany during the recession), or even a universal basic income (being considered by Swiss voters in June).

Authors

Image Source: © Stephen Lam / Reuters
      
 
 




households

Bitcoin mining is using as much power as 5,699,560 American households.

It creates as much CO2 as a million transatlantic flights. Why isn't this a bigger deal?




households

Tax-News.com: Singapore To Give GST Rebate To 880,000 Households

Singapore's Ministry of Finance has announced that about 880,000 Singaporean Housing and Development Board (HDB) households will receive the next installment of the GST Voucher – Utilities-Save (U-Save) rebate in January 2018.




households

Alcohol, Sweets Help Identify High Carbon Footprint Households

High carbon footprint households are identified by confectionery, alcohol, and restaurant food and not by increased meat consumption, stated new study




households

Tax and fiscal policy should continue to support households and businesses through containment, then shift to bolstering recovery

Tax and fiscal policy responses are playing a critical role in limiting the hardship caused by containment measures, and should continue to do so as governments seek to support households and businesses, protect employment and pursue economic recovery from the global pandemic, according to new OECD analysis.




households

Determinants of households’ investment in energy efficiency and renewables – evidence from the OECD Survey on Household Environmental Behaviour and Attitudes

Many studies on household energy efficiency investments suggest that a wide range of seemingly profitable investments are not taken up. This paper provides novel evidence on the main factors behind consumer choices using the OECD Survey on Household Environmental Behaviour and Attitudes.




households

Growth-oriented policy agenda needed to ensure stronger economic recovery with benefits for all workers and households

Governments must deploy policy packages that take advantage of the synergies between labour, product and financial market reforms to escape the low-growth trap and ensure that benefits are broadly shared by the vast majority of citizens, according to the OECD’s annual Going for Growth report.




households

Taiwan Households Savings

Personal Savings in Taiwan increased to 1944200 TWD Million in 2018 from 1774100 TWD Million in 2017. Personal Savings in Taiwan averaged 895827.45 TWD Million from 1964 until 2018, reaching an all time high of 1944200 TWD Million in 2018 and a record low of 6900 TWD Million in 1964. In Taiwan, Households Savings correspond to the household income saved during a certain period of time. This page provides - Taiwan Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

India Households Savings

Personal Savings in India increased to 26099.21 INR Billion in 2016 from 25429.60 INR Billion in 2015. Personal Savings in India averaged 3811.44 INR Billion from 1951 until 2016, reaching an all time high of 26099.21 INR Billion in 2016 and a record low of 6.34 INR Billion in 1952. In India, Households Savings correspond to the total income saved by households during a certain period of time. This page provides - India Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

China Households Debt To GDP

Households Debt in China increased to 55.20 percent of GDP in the fourth quarter of 2019 from 54.40 percent of GDP in the third quarter of 2019. Households Debt To GDP in China averaged 32.39 percent of GDP from 2006 until 2019, reaching an all time high of 55.20 percent of GDP in the fourth quarter of 2019 and a record low of 10.80 percent of GDP in the second quarter of 2006. This page provides - China Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Australia Households Debt To GDP

Households Debt in Australia decreased to 119.50 percent of GDP in the fourth quarter of 2019 from 119.80 percent of GDP in the third quarter of 2019. Households Debt To GDP in Australia averaged 73.02 percent of GDP from 1977 until 2019, reaching an all time high of 121.70 percent of GDP in the third quarter of 2016 and a record low of 34.20 percent of GDP in the fourth quarter of 1977. This page provides - Australia Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Czech Republic Households Debt To GDP

Households Debt in Czech Republic increased to 32.20 percent of GDP in the fourth quarter of 2019 from 32.10 percent of GDP in the third quarter of 2019. Households Debt To GDP in Czech Republic averaged 20.65 percent of GDP from 1995 until 2019, reaching an all time high of 32.20 percent of GDP in the fourth quarter of 2019 and a record low of 6.70 percent of GDP in the first quarter of 2000. This page provides - Czech Republic Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

France Households Debt To GDP

Households Debt in France increased to 61.90 percent of GDP in the fourth quarter of 2019 from 61.40 percent of GDP in the third quarter of 2019. Households Debt To GDP in France averaged 38.15 percent of GDP from 1977 until 2019, reaching an all time high of 61.90 percent of GDP in the fourth quarter of 2019 and a record low of 18.60 percent of GDP in the fourth quarter of 1977. This page provides - France Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Germany Households Debt To GDP

Households Debt in Germany increased to 54.40 percent of GDP in the fourth quarter of 2019 from 54.30 percent of GDP in the third quarter of 2019. Households Debt To GDP in Germany averaged 54.50 percent of GDP from 1970 until 2019, reaching an all time high of 71.20 percent of GDP in the fourth quarter of 2000 and a record low of 34.80 percent of GDP in the first quarter of 1971. This page provides - Germany Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Greece Households Debt To GDP

Households Debt in Greece decreased to 53.30 percent of GDP in the fourth quarter of 2019 from 54.40 percent of GDP in the third quarter of 2019. Households Debt To GDP in Greece averaged 39.44 percent of GDP from 1994 until 2019, reaching an all time high of 65.70 percent of GDP in the first quarter of 2014 and a record low of 5.50 percent of GDP in the fourth quarter of 1994. This page provides - Greece Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Ireland Households Debt To GDP

Households Debt in Ireland decreased to 38.50 percent of GDP in the fourth quarter of 2019 from 39.70 percent of GDP in the third quarter of 2019. Households Debt To GDP in Ireland averaged 77.67 percent of GDP from 2002 until 2019, reaching an all time high of 116.30 percent of GDP in the fourth quarter of 2009 and a record low of 38.50 percent of GDP in the fourth quarter of 2019. This page provides - Ireland Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Japan Households Debt To GDP

Households Debt in Japan increased to 59 percent of GDP in the fourth quarter of 2019 from 58.60 percent of GDP in the third quarter of 2019. Households Debt To GDP in Japan averaged 53.22 percent of GDP from 1964 until 2019, reaching an all time high of 72.20 percent of GDP in the fourth quarter of 1999 and a record low of 20.30 percent of GDP in the second quarter of 1965. This page provides - Japan Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Luxembourg Households Debt To GDP

Households Debt in Luxembourg decreased to 66.10 percent of GDP in the fourth quarter of 2019 from 66.60 percent of GDP in the third quarter of 2019. Households Debt To GDP in Luxembourg averaged 55.59 percent of GDP from 2002 until 2019, reaching an all time high of 66.60 percent of GDP in the third quarter of 2019 and a record low of 37.40 percent of GDP in the third quarter of 2002. This page provides - Luxembourg Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Poland Households Debt To GDP

Households Debt in Poland decreased to 34.80 percent of GDP in the fourth quarter of 2019 from 35.30 percent of GDP in the third quarter of 2019. Households Debt To GDP in Poland averaged 22.10 percent of GDP from 1995 until 2019, reaching an all time high of 36.70 percent of GDP in the second quarter of 2015 and a record low of 2.20 percent of GDP in the first quarter of 1996. This page provides - Poland Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Portugal Households Debt To GDP

Households Debt in Portugal decreased to 63.90 percent of GDP in the fourth quarter of 2019 from 64.90 percent of GDP in the third quarter of 2019. Households Debt To GDP in Portugal averaged 48.66 percent of GDP from 1979 until 2019, reaching an all time high of 92.20 percent of GDP in the fourth quarter of 2009 and a record low of 7.60 percent of GDP in the fourth quarter of 1979. This page provides - Portugal Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

South Africa Households Debt To GDP

Households Debt in South Africa increased to 34.30 percent of GDP in the fourth quarter of 2019 from 34.10 percent of GDP in the third quarter of 2019. Households Debt To GDP in South Africa averaged 37.81 percent of GDP from 2008 until 2019, reaching an all time high of 43.90 percent of GDP in the first quarter of 2008 and a record low of 33.10 percent of GDP in the fourth quarter of 2017. This page provides - South Africa Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Turkey Households Debt To GDP

Households Debt in Turkey increased to 14.70 percent of GDP in the fourth quarter of 2019 from 14.20 percent of GDP in the third quarter of 2019. Households Debt To GDP in Turkey averaged 7.26 percent of GDP from 1986 until 2019, reaching an all time high of 19.60 percent of GDP in the fourth quarter of 2013 and a record low of 0.10 percent of GDP in the third quarter of 1988. This page provides - Turkey Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

United Kingdom Households Debt To GDP

Households Debt in the United Kingdom decreased to 83.80 percent of GDP in the fourth quarter of 2019 from 83.90 percent of GDP in the third quarter of 2019. Households Debt To GDP in the United Kingdom averaged 57.29 percent of GDP from 1966 until 2019, reaching an all time high of 94.90 percent of GDP in the fourth quarter of 2009 and a record low of 28.80 percent of GDP in the second quarter of 1971. This page provides - United Kingdom Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

United States Households Debt To GDP

Households Debt in the United States increased to 75.40 percent of GDP in the fourth quarter of 2019 from 75.20 percent of GDP in the third quarter of 2019. Households Debt To GDP in the United States averaged 58.59 percent of GDP from 1952 until 2019, reaching an all time high of 98.60 percent of GDP in the fourth quarter of 2007 and a record low of 23.80 percent of GDP in the first quarter of 1952. This page provides - United States Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Mexico Households Debt To GDP

Households Debt in Mexico decreased to 16.20 percent of GDP in the fourth quarter of 2019 from 16.50 percent of GDP in the third quarter of 2019. Households Debt To GDP in Mexico averaged 12.21 percent of GDP from 1994 until 2019, reaching an all time high of 16.50 percent of GDP in the third quarter of 2019 and a record low of 7.70 percent of GDP in the fourth quarter of 2000. This page provides - Mexico Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Argentina Households Debt To GDP

Households Debt in Argentina increased to 5.40 percent of GDP in the fourth quarter of 2019 from 5.30 percent of GDP in the third quarter of 2019. Households Debt To GDP in Argentina averaged 4.99 percent of GDP from 1994 until 2019, reaching an all time high of 7.40 percent of GDP in the second quarter of 2018 and a record low of 2.50 percent of GDP in the first quarter of 2004. This page provides - Argentina Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Israel Households Debt To GDP

Households Debt in Israel decreased to 41.70 percent of GDP in the fourth quarter of 2019 from 41.80 percent of GDP in the third quarter of 2019. Households Debt To GDP in Israel averaged 37.95 percent of GDP from 1992 until 2019, reaching an all time high of 41.90 percent of GDP in the second quarter of 2018 and a record low of 28.80 percent of GDP in the third quarter of 1992. This page provides - Israel Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Brazil Households Debt To GDP

Households Debt in Brazil increased to 30.40 percent of GDP in the fourth quarter of 2019 from 29.80 percent of GDP in the third quarter of 2019. Households Debt To GDP in Brazil averaged 19.08 percent of GDP from 1996 until 2019, reaching an all time high of 30.40 percent of GDP in the fourth quarter of 2019 and a record low of 10.40 percent of GDP in the third quarter of 2003. This page provides - Brazil Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Lithuania Households Debt To GDP

Households Debt in Lithuania increased to 23.06 percent of GDP in the fourth quarter of 2019 from 23.05 percent of GDP in the third quarter of 2019. Households Debt To GDP in Lithuania averaged 22.17 percent of GDP from 2003 until 2019, reaching an all time high of 32.60 percent of GDP in the fourth quarter of 2009 and a record low of 1.39 percent of GDP in the fourth quarter of 2003. This page provides - Lithuania Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Russia Households Debt To GDP

Households Debt in Russia increased to 19.20 percent of GDP in the fourth quarter of 2019 from 18.80 percent of GDP in the third quarter of 2019. Households Debt To GDP in Russia averaged 9.15 percent of GDP from 1998 until 2019, reaching an all time high of 19.20 percent of GDP in the fourth quarter of 2019 and a record low of 0.60 percent of GDP in the fourth quarter of 1999. This page provides - Russia Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Tunisia Households Savings

Personal Savings in Tunisia increased to 1306 TND THO in March from 1304 TND THO in February of 2020. Personal Savings in Tunisia averaged 931.11 TND THO from 1994 until 2020, reaching an all time high of 1323 TND THO in December of 2019 and a record low of 279 TND THO in January of 1994. In Tunisia, Households Savings correspond to the household income saved during a certain period of time. This page provides - Tunisia Households Savings - actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

South Korea Households Debt To GDP

Households Debt in South Korea increased to 95.50 percent of GDP in the fourth quarter of 2019 from 93.90 percent of GDP in the third quarter of 2019. Households Debt To GDP in South Korea averaged 40.39 percent of GDP from 1962 until 2019, reaching an all time high of 95.50 percent of GDP in the fourth quarter of 2019 and a record low of 1.40 percent of GDP in the fourth quarter of 1964. This page provides - South Korea Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Indonesia Households Debt To GDP

Households Debt in Indonesia decreased to 17 percent of GDP in the fourth quarter of 2019 from 17.80 percent of GDP in the third quarter of 2019. Households Debt To GDP in Indonesia averaged 13.50 percent of GDP from 2001 until 2019, reaching an all time high of 17.80 percent of GDP in the third quarter of 2019 and a record low of 6.20 percent of GDP in the first quarter of 2002. This page provides - Indonesia Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Swaziland Households Debt To Income

Households Debt To Income in Swaziland averaged 158.81 percent from 2000 until 2015, reaching an all time high of 178.57 percent in 2015 and a record low of 144.82 percent in 2002. . This page provides - Swaziland Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Slovenia Households Debt To Income

Households Debt in Slovenia increased to 45.13 percent of gross income in 2018 from 45.04 percent in 2017. Households Debt To Income in Slovenia averaged 40.07 percent from 2002 until 2018, reaching an all time high of 48.71 percent in 2012 and a record low of 23.69 percent in 2002. This page provides - Slovenia Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Cyprus Households Debt To Income

Households Debt in Cyprus decreased to 145.25 percent of gross income in 2018 from 162.64 percent in 2017. Households Debt To Income in Cyprus averaged 151.09 percent from 2000 until 2018, reaching an all time high of 203.02 percent in 2014 and a record low of 103.61 percent in 2003. This page provides - Cyprus Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Czech Republic Households Debt To Income

Households Debt in Czech Republic increased to 60.69 percent of gross income in 2018 from 56.64 percent in 2017. Households Debt To Income in Czech Republic averaged 42.65 percent from 2000 until 2018, reaching an all time high of 60.69 percent in 2018 and a record low of 13.33 percent in 2000. This page provides - Czech Republic Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Austria Households Debt To Income

Households Debt in Austria decreased to 83.21 percent of gross income in 2018 from 84.91 percent in 2017. Households Debt To Income in Austria averaged 81.32 percent from 2000 until 2018, reaching an all time high of 86.92 percent in 2010 and a record low of 73.36 percent in 2000. This page provides - Austria Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Latvia Households Debt To Income

Households Debt in Latvia decreased to 33.47 percent of gross income in 2018 from 35.94 percent in 2017. Households Debt To Income in Latvia averaged 44.13 percent from 2000 until 2018, reaching an all time high of 74.05 percent in 2010 and a record low of 8.55 percent in 2000. This page provides - Latvia Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Lithuania Households Debt To Income

Households Debt in Lithuania increased to 37.32 percent of gross income in 2018 from 36.18 percent in 2017. Households Debt To Income in Lithuania averaged 28.79 percent from 2000 until 2018, reaching an all time high of 45.44 percent in 2009 and a record low of 2.20 percent in 2000. This page provides - Lithuania Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Denmark Households Debt To Income

Households Debt in Denmark decreased to 235.11 percent of gross income in 2018 from 240.53 percent in 2017. Households Debt To Income in Denmark averaged 236.25 percent from 2000 until 2018, reaching an all time high of 269.77 percent in 2009 and a record low of 180.80 percent in 2001. This page provides - Denmark Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Bulgaria Households Debt To Income

Households Debt in Bulgaria decreased to 32.71 percent of gross income in 2016 from 34.99 percent in 2015. Households Debt To Income in Bulgaria averaged 33.59 percent from 2003 until 2016, reaching an all time high of 43.35 percent in 2009 and a record low of 10.84 percent in 2003. This page provides - Bulgaria Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Switzerland Households Debt To Income

Households Debt in Switzerland increased to 181.53 percent of gross income in 2016 from 180.98 percent in 2015. Households Debt To Income in Switzerland averaged 161.60 percent from 1999 until 2016, reaching an all time high of 181.53 percent in 2016 and a record low of 143.50 percent in 1999. This page provides - Switzerland Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Croatia Households Debt To Income

Households Debt in Croatia decreased to 57.06 percent of gross income in 2015 from 59.11 percent in 2014. Households Debt To Income in Croatia averaged 58.68 percent from 2005 until 2015, reaching an all time high of 62.67 percent in 2008 and a record low of 47.61 percent in 2005. This page provides - Croatia Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

China Households Debt To Income

Households Debt in China increased to 99.90 percent of gross income in 2018 from 93.40 percent in 2017. Households Debt To Income in China averaged 96.65 Percent from 2017 until 2018, reaching an all time high of 99.90 Percent in 2018 and a record low of 93.40 Percent in 2017. This page provides - China Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

Canada Households Credit Market Debt to Disposable Income

Households Debt in Canada decreased to 173.68 percent of gross income in 2019 from 174.01 percent in 2019. Households Debt To Income in Canada averaged 127.52 percent from 1990 until 2019, reaching an all time high of 174.05 percent in the second quarter of 2019 and a record low of 83.56 percent in the first quarter of 1990. This page provides - Canada Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.




households

South Africa Households Debt To Income

Households Debt in South Africa increased to 72.80 percent of gross income in 2019 from 71.90 percent in 2018. Households Debt To Income in South Africa averaged 58.16 percent from 1969 until 2019, reaching an all time high of 86.40 percent in 2008 and a record low of 40.30 percent in 1980. This page provides - South Africa Households Debt To Income- actual values, historical data, forecast, chart, statistics, economic calendar and news.