There are many countries in the world that when they reached the middle-income stage, they witnessed serious structural problems such as growth stagnation, a widening wealth gap and increasing social unrest.
There's no such thing as median income; there's a curve, and it really matters what side of the curve you're on. There's no such thing as the middle class. It's absolutely vanishing.
We simply have to become more competitive as a state if we're going to be successful in creating jobs, bringing capital investment and raising income levels here in South Carolina.
The problem of the food price is structural. The growth of demand cannot be checked in that it is coming from middle income countries demanding more quality and more quantity of food. High demand is here to stay.
I studied chemical engineering. I was a good student, but these were the hard times of the depression, my scholarship came to an end, and it was necessary to work to supplement the family income.
This is a simple change that will provide a huge financial boost for many Americans, particularly low- to moderate-income families. It is an important step in making sure we do everything we can to encourage all Americans to save and plan for the fut...
We paid off our debts, we learned some, made friends and returned in 1950 with a larger view of life. I had, however, no home, no income of any kind and no prospects whatsoever.
One-third of Americans have already been forced to change their lifestyle because their disposable income is gone. A guy can't go to the corner bar after a rough day at work to have a beer, that's gone to oil!
Some liberals think that describing any role that education gaps play in creating income inequality is some sort of sellout - that, in essence, you're telling the middle class, 'Tough luck; you should have stayed in college.'
If increasing income equality is the goal, it might be wiser to put money into infrastructure than to subsidize manufacturing. Construction also pays good wages, but with lower educational requirements. And America's infrastructure needs are enormous...
My concern as a citizen and as a money manager is, Oh my God, at what point does a 'whoa' moment happen to these people who own $30 trillion fixed income instruments?
I could, I think, quite easily have gone to Oxford. I got four good A levels, but my father's income was such that I wouldn't have got a grant, and he wouldn't let me go to university, and that was the end of it.
There is nothing inherently fair about equalizing incomes. If the government penalizes you for working harder than somebody else, that is unfair. If you save your money but retire with the same pension as a free-spending neighbor, that is also unfair...
If US per capita income continues to grow at a rate of 1.5 percent a year, the country will have plenty of money to finance comfortable retirements and high-quality healthcare for all citizens, including those at the bottom of the wage ladder.
Clean energy is about offering people the opportunity to do what's right for themselves and the people they love. It's about reducing the pollution that makes people sick. It's about helping the low-income families struggling to pay their gas and ele...
Our income are like our shoes; if too small, they gall and pinch us; but if too large, they cause us to stumble and trip.
Leading economists have shown that by shrinking Texas, we can actually create more income for Texas in the long run.
I'm just curious, who's more fit to raise a child? A loving committed same-sex couple or an unmarried 15-year-old with no income and really no skills to parent?
I am indeed rich, since my income is superior to my expenses, and my expense is equal to my wishes.
Our incomes should be like our shoes; if too small, they will gall and pinch us; but if too large, they will cause us to stumble and to trip.
I had a couple come in with a negative amortization mortgage on a house that costs way too much relative to their income. They're consuming real estate, not investing in it.
