Households
in sentence
1591 examples of Households in a sentence
Befitting the continent’s strong macro trends, the survey found a high degree of optimism among urban African consumers: 84% of respondents expect their
households
to be better off in two years.
For example, improving the provision of health care, education, and care for the elderly, and bringing it into line with the needs and expectations of the emerging middle class should encourage more
households
to allocate a larger share of their income to consumption.
They are more fragile, and their households’ economic buffers and safety nets are thinner.
By 2025, private spending could reach $5.6 trillion – $2.1 trillion by households, and $3.5 trillion by businesses.
Far too many US
households
made enormous bets on the property bubble, believing that their paper gains were permanent substitutes for stagnant labor income.
The debt/income ratio for American
households
is now down to 109% – well below the peak of 135% reached in late 2007, but still 35 percentage points above the average over the final three decades of the twentieth century.
Encouraged by sharp reductions in households’ debt-service costs and a surprisingly steep fall in unemployment, they argue that the long nightmare has finally ended.
Poor
households
can better cope with adverse shocks like crop failure, illness, or natural disaster.
The Great Income StagnationBERKELEY – Nowadays, the inequality debate often focuses on the disproportionate accumulation of income and wealth by a very small share of
households
in the United States and other advanced economies.
Less noticed – but just as corrosive – is the trend of falling or stagnating incomes for the majority of
households.
For much of the post-World War II period, until the 2000s, strong GDP and employment growth in the advanced economies meant that almost all
households
experienced rising incomes, both before and after taxes and transfers.
During the last decade, income growth came to an abrupt halt for most
households
in the developed countries, with those headed by single women or comprising young, less educated workers among the hardest hit.
Real income from wages and capital for
households
in the same part of the income distribution was lower in 2014 than in 2005 for about two-thirds of
households
in 25 advanced economies – more than 500 million people.
From 1993 to 2005, by contrast, less than 2% of
households
in these economies had flat or falling incomes.
Nonetheless, 20-25% of
households
faced flat or falling disposable incomes from 2005 to 2014, compared to less than 2% in the preceding 12 years.
Demographic shifts – including changing family structure, low fertility rates, and population aging – have led to reductions both in the overall size of
households
and in the number of working-age earners per household.
And labor-market shifts – driven by technological change, the globalization of low- and medium-skill jobs, and the growing prevalence of part-time, temporary employment – have caused the wage share of national income to decline and the distribution of that income among
households
to become increasingly uneven.
McKinsey’s research confirms the role of such long-term factors in undermining incomes for the majority of
households.
It shows that most households’ real market incomes remained flat or fell, even though aggregate growth remained positive in the 2005-2014 period.
In the US, in particular, the ability of labor to protect its share of national income, and of lower- and middle-income
households
to protect their share of the wage pool, eroded substantially.
Sweden, where median
households
received a larger share of the gains from output growth in the 2005-2014 period, has bucked this negative trend.
Thanks to these interventions, market incomes fell or were flat for only 20% of
households.
And generous net transfers meant that disposable incomes increased for almost all
households.
But that did not change the fact that, from 2005 to the end of 2013, market incomes declined for 81% of US
households.
With most
households
continuing to face stagnating or falling incomes – and with younger generations thus on track to be poorer than their parents – such solutions are urgently needed.
Lower interest rates worked (a little), but for the most part by encouraging
households
to refinance their mortgages, not by stimulating investment.
The increased indebtedness of
households
is already leading to higher bankruptcy rates, and will likely dampen the recovery.
According to one recent poll, 47% of
households
have a gun at home.
After a massive private-sector boom-and-bust cycle, banks and
households
are deleveraging, and corporations are hoarding cash.
And the Republican tax-reform plan that he has endorsed would overwhelmingly favor multinational corporations and the top 1% of households, many of which stand to benefit especially from the repeal of the estate tax.
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