Turn America into a nation of savers Nov 10, 2009
From the 1960s through the '80s, US households saved a healthy amount of disposable income often more than 10 percent. That rate started dropping in the 1990s, and by 2005 it was dangerously close to zero. (Christian Science Monitor)
APEC seeks post-crisis growth drivers Nov 10, 2009
As in the case of the developing economies, the financial crisis has taken a toll on the household balance sheet and resulted in a household deleveraging, as measured by the ratio of debt to personal disposable income. Among them, the U.S. consumers are undergoing a drastic process of debt reduction and saving increase. (Xinhuanet, China)
India Inc's Q2 results do not provide strong signs of recovery Nov 9, 2009
The government's attempt to provide more disposable income in the hands of general public through reduced effective tax rates, lower interest rates and different development schemes like NREGA seems to be yielding result. The consumer cyclical sectors such as auto and consumer durables witnessed strong demand. (India Times)
Cristiano Ronaldo Fails to Match Beckham Soccer Sales Boom for Real Madrid Nov 9, 2009
They have to look to places where there is more disposable income, Chadwick said. It wont be easy. (Bloomberg)
Five-year plan is key to economic development Nov 8, 2009
High disposable income and financially capable community members. Weaknesses. (Gillette News-Record, WY)
Voters thinking about jobs, not Obama Nov 7, 2009
How does business make the bottom line seem healthy when they do not have the customers with disposable income. They immediately impact their bottom line by firing the workers who make enough to pay their obligations and have enough disposable income to buy other goods and services. (Atlanta Journal-Constitution -- Opinion)
Would starting weeknight Thrashers games 30 minutes later really make a difference? Nov 7, 2009
Which leads me to this thought: Maybe the Thrashers are catering to the non-married persons, or childless couples, who are more apt to have disposable income. Sometimes, leaving directly from work worked best for me. (Atlanta Journal-Constitution -- Sports)
Truworths hits the fashion spot again as profit increases 14% Nov 7, 2009
"Even in a time where the consumer has less disposable income and is more discerning about spending money, they have been on trend," said Quinton Ivan, an investment analyst at Coronation Fund Managers. According to Ivan, Truworths had managed to gain market share in its ladieswear department. (Business Report, South Africa)
Truworths delivers good performance Nov 7, 2009
Cape Town - Truworths maintained its underlying sales performance in its first half to December despite the countrywide contraction in disposable income, the fashion retailer said yesterday. Food retailers and discount clothing retailer Mr Price continued to grow sales over the festive season, but the market has been waiting to see how credit retailers Truworths and Foschini performed. (Business Report, South Africa)
Does China really want the iPhone? Nov 6, 2009
The black, 16-gigabyte iPhone 3GS Xiao was admiring goes for 5,880 yuan ($861) without a service contract, which is more than half of the country's per capita urban disposable income, according to figures from the National Bureau of Statistics. With a contract plan from China Unicom, the state-owned carrier selling the iPhone, the model goes for 3,999 yuan ($585). (CNN -- Tech)
U.K. Home Prices Likely to Fall Next Year, Erase 2009 Rebound, Brokers Say Nov 6, 2009
Housing demand is expected to remain depressed, as labor market conditions will affect disposable income, the European Unions executive said ... Lenders require first-time homebuyers to put up deposits equivalent to an entire years worth of net disposable income, or five times more than the average since the 1980s, Savills research shows. (Bloomberg -- UK)
East Germany 20 Years After Reunification Nov 6, 2009
Disposable income increased from 60% of the western level in 1991 to 78. 6% in 2007, according to a report by the Munich-based Institute for Economic Research. (BusinessWeek)
I've been Wiggled off the rich list Nov 5, 2009
Their target market doesn't even have a disposable income. Forty-five million toddlers all grasping and whining to get their nasty, sticky fingers on these bastards' next DVD and what have the little gimps got to offer up as payment. (Sydney Morning Herald -- Opinion)
Disneyland in Shanghai: A Second Try in China Nov 5, 2009
As disposable income in the country grows, amusement parks have proliferated throughout the country by some estimates there are as many as 2,000 but the quality of the attractions is uneven. Earlier this year, a sex-themed park in the central Chinese city of Chongqing called Love Land was torn down before it could open to the public. (Time.com)
Revenue at Indian casinos plunges 14% Nov 4, 2009
"Disposable income is still very scarce." ... Disposable income is still very scarce, said Sheila Morago, executive director of the Arizona Indian Gaming Association. (AZCentral -- Business)
Michael Gerson: Health reform toll will fall too heavily on young people Nov 4, 2009
It would, on the bright side, leave less disposable income for nose rings and tattoos. And perhaps the ownership of health insurance, in an ideal world, should be a social expectation, like the ownership of auto insurance. (Sacramento Bee -- Opinion)
Eye-gouging caught on tape Nov 3, 2009
Unfortunately for the football program the u alums in South Florida are quite limiteddue to those exhorbitant fees you are always bragging aboutand the majoritynot all of u aficianados on Blogs dont appear to be capable of culling enough disposable income to purchase a season ticket package. Shannon, DONT KICK TO SPILLER. (The Palm Beach Post)
› Eskom's tariff tensions Nov 3, 2009
As we pointed out last week, apart from the negative effects for investment, the tariff hikes will also suck in billions of disposable income off consumers. This will pose a further serious threat to the economic recovery of other sectors of the economy. (iAfrica.com)
Hatoyama's Challenge in Japan Nov 3, 2009
For example, he has indicated that, in the interest of fiscal responsibility, he may toss overboard some of the $77 billion in programs that the DPJ offered to increase household disposable income. The purpose of this spending is to help shift Japan from an export-led economic model to one led by consumption. (Time.com)
House prices ready for annual growth - FNB Nov 3, 2009
the household debt to disposable income ratio has made little downward progress, due to incomes being under huge pressure, making debt ratio reduction slow going. " According to Loos, mediocre global economic growth and a local household sector that could not be expected to spend the economy to far greater heights implied a fairly moderate economic growth rate in South Africa of around only 2 percent next year, which would not be a huge stimulus to the market. "While we expect to see a move back... (Business Report, South Africa)
House price deflations almost a thing of the past Nov 3, 2009
"While we do believe that the recession is at its end (for now at least), the platform off which the USA hopes to launch its economic recovery doesnt appear very stable, with that countrys various debt and debt-service ratios still at or near the highest levels in history. "In South Africa, too, the household debt to disposable income ratio has made little downward progress, due to incomes being under huge pressure, making debt ratio reduction slow going. " According to Loos, a mediocre global... (Business Report, South Africa)
Net profits up 23%; sales grow 1.5% Nov 2, 2009
Auto sales were badly hit last year due to rising interest costs and lower disposable income of consumers, as a large number of employers froze salary hikes to control costs. Most of the impact of lower raw material expenses and internal cost-control measures are already factored into current operating margins, said A Balasubramaniam, CEO at Birla SunLife Asset Management Company. (India Times)
Kenya: Beer Market War Looms in Bid to Legalise Traditional Liquor Nov 2, 2009
In an underperforming economy that has eroded a large fraction of beer consumers' disposable incomes, a large number of alcohol consumers in the bottom incomes bracket have retreated to the comfort of illicit and sometimes lethal brews whose sale points are mostly found in urban slums and rural villages. Beer market statistics indicate that an attack in the low end of the market would be significant to mainstream brewers who have in recent months been reorganizing their operations to protect... (allAfrica.com)
US consumer spending falls as auto incentive ends Nov 1, 2009
Real disposable income fell 0. 1 percent in September. (Business Report, South Africa)
iPhone sets up Apple cart for crazy fans Oct 31, 2009
An iPhone 3GS handset (without connection) costs 4,999 yuan (733 U.S. dollars), more than half of the country's per capita urban disposable income, and about 25 percent more than what it sells for in Hong Kong. But the high price did not scare away iPhone fans, who love the gadget for its "creative functions, breathtaking design and faster speed". (Xinhuanet, China)
Women outspending men on internet Oct 31, 2009
"They have a disposable income and are able to accept deliveries during the day," said the report. "Many more affluent pensioners have adopted the internet as a hobby and enjoy surfing the net for cheap prices and good deals.". (Yahoo News -- Electronic Commerce)
US is alive and kicking Oct 31, 2009
"With disposable income falling due to continued job losses and declining hourly wages, and the reversal of the surge in car sales, consumption growth will almost certainly be negative in the fourth quarter," Baker said. Other leading drivers of third-quarter growth were business inventories and home building. (iAfrica.com)
US consumers spend less as clunkers plan ends Oct 31, 2009
Despite the fall in disposable income, Americans saved more money last month. Savings increased to an annual rate of $US355. (Sydney Morning Herald -- Business)
US emerges from long recession Oct 30, 2009
" Unemployment remains a key hurdle to sustained recovery. The jobless rate rose to a new 26-year high of 9.8 percent in September and is expected to hit double digits. Since the official start of recession in December 2007, the number of unemployed has climbed by 7.6 million to 15.1 million. While a recession is widely regarded as ended by one quarter of economic growth, in the United States the economy will not be officially out of recession until it has been declared by the National Bureau of... (Channelnewsasia.com)
TripAdvisor acquires foreign website Oct 30, 2009
When there are literally a billion people in the country, and there s enough disposable income, it s a tremendous amount of pent-up travel demand to see the wonders of their own country, Kaufer said. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Ghost houses thrive in scary economy Oct 30, 2009
The people that we aim the haunted houses at are kids in high school and college, kids that have a lot more disposable income. They're still living with their parents. (CNN -- International)
US exits worst recession since Great Depression Oct 30, 2009
"With disposable income falling due to continued job losses and declining hourly wages, and the reversal of the surge in car sales, consumption growth will almost certainly be negative in the fourth quarter," Baker said. While a recession is widely regarded as ended by one quarter of economic growth, in the United States the economy will not be officially out of recession until it has been declared by the National Bureau of Economic Research. (Yahoo! Asia News)
Rwanda: Changing Our Mindset for a Strong Savings Culture [editorial] Oct 29, 2009
One factor that has been observed over the years is that populations lack capacity to save owing to the fact that most of them do not have any disposable income. Now, how does this change. (allAfrica.com)
› Eskom's big fat lies Oct 29, 2009
Besides the fact that the massive increases are a serious threat to potential investment by large electricity consumers in the country as proven by the scrapping of the planned aluminum smelter at Coega in the wake of the application it will also suck in billions of disposable income of consumers. This will pose a further serious threat to the economic recovery of other sectors of the economy. (iAfrica.com)
Lodi City Council members, Michael Freedman discuss Downtown's future Oct 29, 2009
"I would think a owner-coop type residential building would do better. Economical and, if constructed right, can attract people who what to shop in downtown places. I'm thinking the younger, before kids crowd who has the disposable income to spend in the shops there. Maybe even a downtown residential/employment agreement that people who work down town could get a slightly reduced rate for rentals so not only do they save money on rent but then don't have to drive to work either. I know if I was... (Lodi News Sentinel, CA)
'Massive momentum' may be ebbing for music video games Oct 28, 2009
"There are only so many games you can foist on a market that doesn't have nearly as much disposable income as it used to," says Scott Steinberg of DigitalTrends. com. (USA Today -- Tech)
Four Ways to Pull an Economy Out of Recession Oct 28, 2009
According to Dublin-based , U.K. households have debts worth 183 percent of disposable income. That is the highest of any major economy. (Bloomberg -- Columnists)
Indias online trading set for boost Oct 28, 2009
Online trading in India is set for rapid expansion over the next few years, spurred by economic growth and increasing disposable income, according to a new report. Celent, the financial consultancy firm, predicts that the market share of online trading as a proportion of total retail investor trading in India will expand to 30 per cent by 2012, from about 20 per cent now. (FT.com -- Markets)
Why not to save for college Oct 27, 2009
There's a high probability that a family will have more disposable income when their kids are older-- closer to the time they actually attend college. This would allow parents to save more money closer to the time it's actually needed. (AZCentral -- Business)
German consumer sentiment falls: GfK Oct 27, 2009
A drop in a sub-index of consumer readiness to make large purchases was largely responsible for the decrease and reflected concerns that higher oil and energy prices would eat away at disposable income, GfK noted. Fears of rising unemployment are also strong, even though a widely feared upturn in the number of jobless has failed to occur so far. (Yahoo! Asia News)
Retirement Readiness of Americans Drops on Housing Slump, Nationwide Says Oct 27, 2009
The U.S. fell to 3 percent of disposable income in August from 4 percent in July, compared with 8. 9 percent at the end of 1992. (Bloomberg -- US)
Freight law a poor fix Oct 24, 2009
"The end result of this will have a devastating impact on the national economy and will ultimately result in increased prices of goods to consumers, who are already grappling with significantly reduced household disposable income," the association said. Noting the importance of trucks, the association said that few seemed to understand the critical role that trucks play in the country's economy. (iAfrica.com)
Lee County store fashions itself apart Oct 24, 2009
"I think the people that are out there looking have disposable income and they're looking at the finer things," he said. Stephen Marks said they plan to eventually add men's accessories and also two additional Florida locations before offering up franchise opportunities. (The News-Press -- Business)
Maximum tax rate brought down, and more relief for middle income group Oct 24, 2009
This means that each taxpayer will enjoy an increase of RM1,000 in disposable income from the 2010 year of assessment. Easing the burden: Taxpayers submitting their tax returns via e-Filing system at the IRB office at Beach Street in April. (The Star Online, Malaysia)
Tanger sees brighter days ahead, starts $60M project Oct 24, 2009
While it is still a tough economy, Tanger said that the commitments indicate that retailers believe that by the end of next year, when the center is scheduled to open, the economy will be better, with more jobs and disposable income. This article is for Paid Subscribers ONLY.. (Business Journal of the Greater Triad Area)
Read all about it Oct 24, 2009
"How many people now do you know who are spending their nights in a garage hammering away? In our time-poor world, we outsource more things. We have more disposable income so we don't fix things any more.". Perhaps we are just having more sex, or at least being diverted by thoughts of having it: the most recent snapshot reveals many more of what Cowley describes as "plastic-wrapped things" sex-oriented magazines with specific audiences (such as the over-60s). (The Age, Australia)
The image-maker Oct 24, 2009
" Ms Harveys clients include Elandra Resort, auction house Bonham & Goodham, and Melbourne Pub Group, which owns the Middle Park Hotel. Shes also worked with the ANZ financial planning and been involved in the launch of womens website, www.bemoneyconfident.com.au What are some easy ways to kick-start your business profile? Word-of-mouth recommendation, always has, and always will be, the most powerful form of marketing if it comes from a trusted and respected source. Companies need to... (Sydney Morning Herald -- Business)
Controlling smoking Oct 24, 2009
The recent tax increase will likely eat into the pockets of the lower disposable income group, who, unable to kick the habit, would definitely resort to cheap or illegal cigarettes ... With their disposable income already stretched by the current global economic downturn, raising taxes would only add to their burden. (The Star Online, Malaysia -- Business)
Budget may focus on long-term fundamentals Oct 22, 2009
He said measures that were likely to be proposed in the budget included moves to increase disposable income in order to boost consumer spending. This would include higher personal relief for taxpayers which currently stood at RM8,000 per person, higher child relief and voluntary but limited withdrawal of Employees Provident Fund dividends, he said. (The Star Online, Malaysia -- Business)
Impact of the Global Financial Crisis and Its Implications for the East Asian Economy, Keynote Speech by Mr. Takatoshi Kato, Deputy Managing Director, International Monetary Fund, At the Korea International Financial Association, First International Conference Oct 22, 2009
In fact, they have already started doing this: the U.S. ratio of household saving to disposable income has increased to over 5 percent, from close to zero in 2007. Even if financial wealth returned to pre-crises levels which seems unlikely in the near future U.S. consumers would still probably save more. (IMF News)
AVI: Revenue flat as consumers hurt Oct 22, 2009
AVI's revenue for the quarter to September was in line with the previous year after it had been constrained by lower consumer disposable income, Angus Band, the chairman of the listed food company, said yesterday. Lower selling prices for Ioducts in Europe and price reductions in grocery categories supported volumes. (Business Report, South Africa)
Zimman’s of Lynn celebrates 100th anniversary by supporting arts therapy program for youths Oct 22, 2009
And, he said, they are people with disposable income. A highlight of the event is the auction of 12 chairs designed by RAW alumni artists. (Boston Globe)
CASINOS: Sen. Jehlen a nearly silent moderator during gambling debate Oct 22, 2009
I m not going to tell people how they can spend their disposable income, Reinstein said. Tucker took the stance of two wrongs don t make a right. (Winchester Star, MA, MA)
China's growth quickens but policy stays on hold Oct 22, 2009
5 percent more disposable income in the first nine months, after adjusting for inflation, than a year earlier. Retail sales rose 15. (Yahoo News -- Press Releases)
GAME HUNTERS: PlayStation 3 leads console sales; 'Halo 3: ODST' the top game in September Oct 21, 2009
"Consumers are being much more careful with their purchases and their disposable income. Sales levels of new releases are coming at the cost of back catalog titles. ... That concerns me leading into October and the rest of the year.". The complete Top 10 best-selling games for September. (USA Today -- Life)
Refinancing Student Loans Oct 21, 2009
Whilst this improves affordability and increases the amount of disposable income available each month, it is also increases the cumulative interest paid over the life of the loan. A lot of bad things can happen to someone in the space of 30 years. (Suite101.com)
Broad-based, people-friendly budget seen Oct 21, 2009
He added that personal income tax relief would translate into higher disposable income, which would in turn boost consumption. But the implementation of the goods and services tax (GST) should be held back as it was not supportive of consumption, he said. (The Star Online, Malaysia -- Business)
Student Debt Help Oct 21, 2009
Living at home rent-free means that there is extra disposable income available to reduce debt. Rather than repaying the money owed over the next 10 to 30 years, it is relatively easy for the average graduate to clear $25,000 over a 2 to 3 year period - perhaps less. (Suite101.com)
Mortgage matters Oct 20, 2009
"We propose to require all lenders to assess the level of a consumer's expenditure in determining the affordability of a mortgage product, to ensure that lending decisions are based on a consumer's free disposable income," the FSA said. Lenders will be obliged to check what the would-be borrower tells them about their spending habits; they will not be allowed to take everything they are told at face value. (BBC News -- UK)
Fed Chair Calls for Cuts to Record Deficit Oct 20, 2009
I don't think the dollar and hour workers in Viet Nam making NIKE shoes will have lots of disposable income nor will the 800 million Chinese peasants. This was one of the Republican dreams, that we would be selling Coca Cola to one billion Chinese. (CBS News)
Stores stock up for Christmas, but consumers keep belts tight Oct 19, 2009
Buys is also of the opinion that job losses and reduced working hours experienced through the economic downturn will make the large wage settlements we've seen this year a lot less meaningful than they seem and that it will result in total disposable income not growing very much. Equity analyst Zahira Osman from Afena Capital said festive season sales growth this year would depend on a much-needed boost in consumer confidence as low levels of confidence generally do not bode well for... (Business Report, South Africa)
Vinita Bali, MD and CEO, Britannia Oct 19, 2009
As you would have noticed in the results we have declared so far which pertain to the first quarter, we have maintained margins despite significant increases in input costs and a disposable income growth that is lower than last year. FMCG companies have been banking heavily on rural growth. (India Times)
Joint home loan results in higher tax savings Oct 19, 2009
FOR most working couples, buying a house is once-in-a-lifetime experience and their most expensive buy. An easy way to fund this expensive buy is a home loan, which also offers tax breaks on both principal and interest payment components. (India Times)
State now in race to home-grow, recruit new jobs Oct 18, 2009
If you don't have good quality jobs, you don't have disposable income that supports your retail and your quality housing, Mackay said. Other things the city continues to do. (AZCentral -- News)
Just the ticket for frugal foodies Oct 18, 2009
Or if you really have some disposable income lying around, you can dish out $12. 99 for an Oxo Good Grips Soft-Handled Can Opener that s easier on the hands. (Boston Globe)
