decrease in income

USAGE SUMMARY

"decrease in income" is correct and can be used in written English.
You could use it in a sentence such as: "The pandemic led to a significant decrease in income for many people."

✓ Grammatically correct

News & Media

Science

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

41 human-written examples

A 1% decrease in income today is treated as the exact equivalent of a 1% decrease in income 200 years from today.

The Economist

I experienced a significant decrease in income in 2011 due to financial trouble at the firm where I am employed.

The New York Times

Results suggest that the decrease in income after parental separation is very large and the long-term recovery is only partial.

Princeton University

While critics derided the numbers, Mr. Beveridge defended them, saying the arrival of immigrants in Bridgeport, Yonkers, Paterson, Hempstead and other communities could have caused a double-digit decrease in income.

The New York Times

State budget officials said yesterday that deficits for the next three fiscal years would be higher than expected, owing to a slump on Wall Street and the decrease in income tax revenues that will probably result.

The New York Times

The report found that there had been a decrease in income inequality during the post-financial crisis years due to an increase in the hours worked by those on low incomes and weak earnings growth for those on higher incomes.

The Guardian - Business

Human-verified similar examples from authoritative sources

Similar Expressions

19 human-written examples

Putin mentioned the widely acknowledged economic problems: the dramatic drop in the price of oil, the 3.7 per cent fall of the gross domestic product, the 12.3 per cent inflation, the decrease in incomes.

The New Yorker

Mr Bingham added: "I'm fortunate that I don't need to apply to the pension fund but there is a widespread problem of poverty among authors caused by a swingeing decrease in incomes over the past decade.

Independent

According to different experts, Russia's economy is already in de facto recession with a drop in investment, a rapid decline in consumer demand and a real-terms decrease in incomes.

BBC

A decrease in incomes leads to lower consumption of all goods, including alcohol because adolescents have to allocate the resources they can spend on different goods [ 3].

BMC Public Health

British Columbia has a revenue-neutral carbon tax, offset by decreases in income taxes, and the system enjoys broad support from 64percentt of citizens.

The Guardian

Expert writing Tips

Best practice

When discussing economic trends, use "decrease in income" to clearly and directly convey a reduction in financial resources. For example, in a report, state: "The recent recession led to a significant decrease in income for many households."

Common error

Avoid using "decrease of income", as it is grammatically incorrect and less clear. The correct and more widely accepted phrasing is "decrease in income".

Linguistic Context

The phrase "decrease in income" functions as a noun phrase, typically used as the subject or object of a sentence to denote a reduction in the amount of money earned or received. Ludwig AI confirms its proper grammatical structure and common usage.

Expression frequency: Common

Frequent in

News & Media

33%

Science

30%

Formal & Business

15%

Less common in

Wiki

7%

Academia

7%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "decrease in income" is a commonly used noun phrase that accurately describes a reduction in financial earnings or receipts. As confirmed by Ludwig AI, it is grammatically correct and frequently appears in a variety of contexts, particularly in news, scientific, and business publications. When using this phrase, it's important to avoid the error of saying "decrease of income." Related phrases like "income reduction", "decline in earnings", and "loss of income" can offer subtle variations in meaning, depending on the specific context.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

Income reduction

Focuses on the act of reducing income, implying a deliberate action or policy.

Reduced income

Simply states that income has been made smaller, without specifying the cause.

Decline in earnings

Specifically refers to a reduction in money earned, often in a business context.

Lower income

Indicates a state of having less income compared to a previous or expected amount.

Drop in revenue

Implies a decrease in the total amount of money received, usually by a company or organization.

Shrinking income

Implies a gradual decrease in income over time.

Fall in income level

Emphasizes the change in the level of income, suggesting a shift to a lower bracket.

Income shortfall

Suggests that income is insufficient to meet needs or obligations.

Wage decrease

Specifically refers to a reduction in wages earned from employment.

Loss of income

Highlights the state of no longer having income, often due to job loss or business failure.

FAQs

What are some common causes of a "decrease in income"?

Common causes of a "decrease in income" can include job loss, reduced work hours, business downturns, illness, or retirement. External economic factors such as recessions or inflation can also contribute.

What can I say instead of "decrease in income"?

You can use alternatives like "income reduction", "decline in earnings", or "loss of income" depending on the context.

How does a "decrease in income" affect consumer behavior?

A "decrease in income" typically leads to reduced consumer spending, increased saving, and a shift towards more affordable goods and services. It can also increase reliance on credit or government assistance.

What is the impact of a "decrease in income" on the economy?

A widespread "decrease in income" can lead to decreased aggregate demand, business revenue declines, and potentially a recession. Governments may respond with fiscal stimulus measures to offset the negative effects.