Your English writing platform
Discover LudwigSuggestions(1)
Similar(60)
Spaniards, struggling with falling household incomes and loans, have become more tight-fisted.
But even record budget deficits and falling household saving could not counteract the scale of corporate thrift.
A citizen-focused approach would put the problem of falling household consumption at the top of the agenda.
Every extra month of falling household incomes is harder to take than the last as household budgets get closer to the edge".
In the meantime, while real earnings are falling, household spending has experienced "the fastest rate of growth since 2007" – sustained by "falling savings and a return to borrowing".
Impervious to incentive schemes, government exhortation and bank rescues, consumers have kept a jaundiced eye on rising unemployment and falling household incomes.
Evidence shows families are being squeezed much more this time than in previous eras, as they experience a toxic combination of falling household incomes and rising inflation.
But in America, the dramatic shift from budget surplus to deficit since 2001 has amplified the effect of falling household saving.
Economists have predicted some boost to consumer confidence from falling household costs, especially as petrol prices drop thanks to the sliding oil price.
Real wages are falling, household incomes have dipped and GDP per person is still some way off its pre-downturn peak.
With unemployment falling, household debt ratios stabilizing, and fiscal drag easing, there were some persuasive arguments to believe that 2014 would finally be the year when the economy shook off the aftereffects of the Great Recession.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com