Using the Household income equivalence calculator, calculate the
Pep and Jose, in their 40s and 50s, respectively, are setting up home together in the North of England, along with Jose’s son, Alexis, aged 13. Jose’s dad helps with childcare, allowing Jose to work part-time. With his salary and child benefit, Jose has an income of £13,000 a year after tax and other deductions. […]
Household debts
Read the two sentences below, from an analysis of trends in household debt published at the end of 2017. “Debt lets households smooth shocks and invest in high-return assets such as housing or education, raising average consumption over their lifetimes. However, high household debt can make the economy more vulnerable to disruptions, potentially harming growth.” […]
