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"We really could use a consumption tax to help increase household saving," he said.
While the economy is growing again, it is growing too slowly to create many jobs or to increase household incomes.
This statistic is amplified by precarious living conditions, lack of access to local schooling and parental need to increase household income by withdrawing children from school for employment.
The recent willingness of the Chinese authorities to tolerate worker strikes for higher wages suggests they want to increase household incomes.
Some changes – such as George Osborne's "national living wage" – promise to increase household incomes by 2020; other changes will cancel out those gains, the charity says, by cutting key support for many families.
The Democratic Party, which rode a wave of discontent over the economy to electoral victory last month, has pledged to increase household incomes through tax breaks and generous subsidies for families with children.
Similar(10)
However, I can document that remittances sent back from migrants increase households' wealth in this context.
Npower last increased household tariffs, by 8.9%, in November 2012.
SSE increased household gas prices by 18% and electricity by 11% in September.
A higher labour-force participation rate means increased household incomes and higher consumption.
(The grab bag includes tax cuts and spending increases, household debt reduction and government debt reduction).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com