Adjusted income – Im Just Sayin http://imjustsayin.net/ Fri, 30 Sep 2022 20:59:43 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://imjustsayin.net/wp-content/uploads/2021/10/icon-5-120x120.png Adjusted income – Im Just Sayin http://imjustsayin.net/ 32 32 Additional Child and Labor Income Tax Payments in New York State https://imjustsayin.net/additional-child-and-labor-income-tax-payments-in-new-york-state/ Fri, 30 Sep 2022 20:59:43 +0000 https://imjustsayin.net/additional-child-and-labor-income-tax-payments-in-new-york-state/ The 2022-2023 New York State Budget provides one-time checks to eligible taxpayers for two separate payments: one based on the Empire State Children’s Credit, and one based on the earned income credit (or non-custodial parent’s earned income credit). If you qualify for a payment for one or both credits, you don’t have to do anything; […]]]>

The 2022-2023 New York State Budget provides one-time checks to eligible taxpayers for two separate payments:

  • one based on the Empire State Children’s Credit, and
  • one based on the earned income credit (or non-custodial parent’s earned income credit).

If you qualify for a payment for one or both credits, you don’t have to do anything; we will automatically calculate and send you a check which will include the total amount to which you are entitled.

We will begin sending these checks in October 2022.

Am I eligible?

You are entitled to a payment if, for the 2021 tax year, you received at least $100 for one or both of the following credits from New York State:

You must also have filed your New York State income tax return (Form IT-201) by April 18, 2022, or have had a valid extension of the filing deadline.

When will I receive my check?

We will start mailing checks in October and we issue most payments by October 31, 2022.

Watch your mailbox for a check that looks like this:

We can not provide a specific delivery schedule, and our contact center representatives have no additional information.

How much does the check cost?

The amount of your check will be based on your 2021 Empire State child credit, your New York State earned income credit (or noncustodial parent’s earned income credit), or both.

Payment for Empire State Child Credit is anywhere from 25% to 100% the amount of credit you received for 2021. The percentage depends on your income.

Payment of earned income credit (or non-custodial parent’s earned income credit) is 25% the amount of credit you received for 2021.

If you are eligible to receive a check for:

  • only a payment, your check is equal to the amount of this payment; Where
  • both payments, add the amounts of your payments to determine the amount of your check.

To note: If you received at least $100 for either credit, your check will include a payment based on that credit. For example, if your New York State earned income credit amount in 2021 was $80 and your Empire State child credit was $200, your check will only include the child credit payment. Empire State.

Estimate the amount of your check

To estimate the amount you will receive, you will need information from your 2021 New York State income tax return (Form IT-201). If you do not have a copy of your return, log on to the software you used to file a copy or request the information from your tax preparer (if you used one).

The actual amount you receive may be different from the amount you estimated if there were adjustments to the amount of any of the credits claimed on your return.

To note: To protect your information, our Contact Center representatives cannot provide amounts from a return you have filed.

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2 High Yielding Financial Stocks to Earn Passive Income for Years https://imjustsayin.net/2-high-yielding-financial-stocks-to-earn-passive-income-for-years/ Wed, 28 Sep 2022 09:25:00 +0000 https://imjustsayin.net/2-high-yielding-financial-stocks-to-earn-passive-income-for-years/ It can be hard to find good returns when things are going well – so now, amid recession fears and a bear market, is a great time for dividend investors to shop. The financial sector is a particularly attractive space if you can think long-term, as some large companies have traded lower and are now […]]]>

It can be hard to find good returns when things are going well – so now, amid recession fears and a bear market, is a great time for dividend investors to shop. The financial sector is a particularly attractive space if you can think long-term, as some large companies have traded lower and are now offering generous dividend yields. For those who want to think outside the box, Toronto-Dominion Bank (TD -0.61%) and T price. Rowe (TROW -0.67%) are two actions that merit further study.

Image source: Getty Images.

1. Toronto-Dominion Bank: No slowdown

The Toronto-Dominion Bank, more commonly known by its initials TD, is one of North America’s largest banks. It has a strong position in its isolated and conservative Canadian home market, and a growing business in the United States. The company estimates that it is the sixth largest bank in North America.

That said, thanks to his Canadian roots, he tends to position himself conservatively at all times. Currently, TD Bank’s Tier 1 capital ratio is 14.9%, second best in North America. It means there is only one bank better positioned to weather economic headwinds as fears of a recession spread. But don’t think TD is hiding, running for cover, or circling the wagons. Far from it, he always seeks to develop his activity.

In February, TD Bank announced its intention to acquire first horizon (FHN -0.60%) for $13.4 billion. He followed that up with the announcement in August that he would buy an investment company Cowen Group (COW 0.42%) for $1.3 billion. Both are helping to move the needle: one is increasing TD Bank’s size in traditional U.S. banking, and the other is expanding its investment business. And thanks to investors worried about the economy and the stock market, shares of this ever-growing bank are trading up around 20% so far in 2022, and the dividend yield is up to a generous 4.4%. TD Bank, meanwhile, has paid an incredible dividend for 164 consecutive years, suggesting income investors can count on the quarterly payout for years to come.

2. T. Rowe Price: Okay, that hurts

T. Rowe Price shares are trading around 45% so far in 2022. No doubt that’s a concerning drop, but it’s not that surprising given the negative sentiment on Wall Street. today. This is because T. Rowe Price is an asset manager and he receives fees based on the assets he manages. The bear market reduced the value of the assets managed by the company and investors took money out of the market because they feared further declines. The numbers are shocking, with the second quarter alone seeing T. Rowe Price’s assets under management plummet by just over $242 billion.

One thing to keep in mind, however, is that T. Rowe has increased his dividend every year for over three decades, making him a dividend aristocrat. The past 30 years have seen a number of material bear markets, including the dot.com crash of 2000 and the Great Recession of 2008-09. And T. Rowe Price continued to increase its dividend throughout the ups and downs of the market. In other words, there is no particular reason to think that the current bear market will be so different.

Meanwhile, second-quarter adjusted earnings of $1.79 per share more than covered the quarterly dividend of $1.20 per share. The resulting payout ratio is approximately 66%. This leaves ample room for more adversity before the dividend is threatened. Given the long history of dividend increases, it seems more likely that dividend increases, even if only token hikes, are likely. The dividend yield is now very attractive at 4.4%.

When others are afraid

There is no way of knowing when a bear market will stop falling and start rising again, making it very difficult to buy during a downturn. However, if you can accept a contrarian approach, the Toronto-Dominion Bank and T. Rowe Price are two financial stocks that seem worth a closer look today for high-yield investors on the lookout. seeking reliable long-term revenue streams.

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Does COLAS lead to income inequality? https://imjustsayin.net/does-colas-lead-to-income-inequality/ Sun, 25 Sep 2022 21:08:00 +0000 https://imjustsayin.net/does-colas-lead-to-income-inequality/ This year we have seen an inflation problem – higher than at any time since the 1970s. It seems to be slowing down at the moment, but inflation will continue to be an issue for the next few years due to the Ukrainian crisis and of climate change. In the 1970s, we devised a major […]]]>

This year we have seen an inflation problem – higher than at any time since the 1970s. It seems to be slowing down at the moment, but inflation will continue to be an issue for the next few years due to the Ukrainian crisis and of climate change.

In the 1970s, we devised a major way to deal with the problem of inflation – the cost of living adjustment, or COLA. The Social Security Administration and most retirement programs use the COLA to determine increases in the amount of a person’s retirement benefits. Unions are negotiating for cost-of-living adjustments to wage rates.

Social Security recipients received a record COLA of 5.9% in 2022. This is the largest annual increase in about 40 years. Next year the COLA is expected to be even higher. In comparison, in 2021, benefits increased by only 1.3%.

COLAS looks at the increase in the cost of items in the Consumer Price Index (calculated monthly by the government) and gives everyone that amount. It seems like everyone should stay at the same standard of living they are enjoying now.

People also read…

I would say that is not true. People at the bottom of the income scale are much harder hit by price increases, and they don’t stay balanced. Earlier this year we saw a huge increase in gasoline prices. Fortunately, these prices have since dropped considerably. Who did they hurt the most? People who had to drive for their job.

We have seen significant rent increases, so high that many have been forced to move. It hasn’t affected people who own their homes. It didn’t even affect people paying mortgages, because those monthly payments stayed the same. Who was affected? Low-income people who could not afford to buy their home. This is a segment of the population that has grown dramatically since the Great Recession of 2008.

Food prices have risen dramatically. These prices will continue to rise as climate change will continue to increase the cost of production. Low-income people spend a much higher percentage of their income on groceries than high-income people.

COLAS are really easy for businesses and government to use to calculate revenue increases. They give everyone the same percentage. They don’t think about their CEOs and directors getting huge raises. But maybe people at the bottom of the salary scale haven’t received enough money to cover the rising cost of their health insurance, so their take-home pay is even lower.

When I was a young teacher, I remember going to a school board meeting where they decided to offer the same cost of living adjustment to everyone. I did some quick math and realized that the Superintendent of Schools had just gotten a raise that was greater than a first grade teacher’s total annual income. It hardly seemed fair.

Companies love COLAS. These increases are easy to calculate and justify. And those in power can get huge raises without their boards wondering if it’s the best choice. A 5% raise on a $10 an hour job works out to $1,040 per year, which seems like a nice raise. For someone making $100,000 a year, that’s $5,000 for a raise. $200,000 at 5% means an increase of $10,000. Each successive year, you will get a raise on all your previous raises. (Think compound interest) But all of these people have essentially the same dollar amount in increased spending.

Alliance City did something interesting this year. They calculated the cost-of-living adjustment on their set of salaries and wages, and then divided it equally among all employees. This meant that everyone who worked for the City received a raise of $1.00 per hour.

Income inequality has become a major issue in America, with gaps widening almost every year since the 1970s. Much of this inequality has been caused by the use of a COLA. Hopefully more companies and agencies will consider actions similar to Alliance City.

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Expanding Access in Low-/Middle-Income Countries to Drive Increased Global Health Spending https://imjustsayin.net/expanding-access-in-low-middle-income-countries-to-drive-increased-global-health-spending/ Fri, 23 Sep 2022 14:17:00 +0000 https://imjustsayin.net/expanding-access-in-low-middle-income-countries-to-drive-increased-global-health-spending/ Population growth, especially among older cohorts, will underpin increases CLEVELAND, September 23, 2022 /PRNewswire/ — Global health spending is expected to grow 3.4% per year in real terms through 2026, according to Global healthcare, a report recently published by Freedonia Focus Reports. Spending will be boosted by improved access to a myriad of healthcare services […]]]>

Population growth, especially among older cohorts, will underpin increases

CLEVELAND, September 23, 2022 /PRNewswire/ — Global health spending is expected to grow 3.4% per year in real terms through 2026, according to Global healthcare, a report recently published by Freedonia Focus Reports. Spending will be boosted by improved access to a myriad of healthcare services in low- and middle-income countries and by population growth, particularly in the 50-plus cohort. Until 2026, North America is expected to spend the most of any region on healthcare products and services. Whereas North America accounted for only 6% of the world’s population in 2021, the region accounted for 38% of global health spending due to intensive use of health resources in the United States, where health care accounted for 20% of GDP in 2021 .

Low-income countries are expected to show the strongest health spending growth through 2026. Health spending in the Asia Pacific region, for example, are expected to increase by 5.6% per year, while gains in Africa/The Middle East region is expected to grow by 5.0% per year. Rising incomes in many of these countries will support rising health spending. In 2021, health spending per capita in these regions was significantly lower than in the United States or Western Europe. The rapid growth in spending will be partly the result of the low initial base.

Further growth in health spending will be limited by the shortage of medical personnel in many countries. While middle and low-income countries will continue to suffer from the most extreme shortages, high-income countries are also expected to experience increasing shortages of doctors and nurses during the forecast period. The growing shortage of medical personnel in many high-income countries is largely the result of aging populations, which require more personnel. Additionally, the stress of the COVID-19 pandemic on medical personnel has prompted many people to retire or leave the profession.

This and other key information is presented in Global healthcare. This report forecasts for 2022 and 2026 the following measures related to global health care:

  • health expenditure
  • health expenditure per capita
  • health expenditure as a percentage of GDP
  • population
  • population aged 50 and over

Health expenditures are measured in real US dollars (adjusted for inflation).

Regions of the world include North America, Western Europe, Asia Pacificand all other regions.

In addition, for the three major regions, total and per capita health expenditures are projected for the largest economies in that region.

To illustrate historical trends, global, regional and national expenditures are provided for 2011, 2016 and 2021.

More information on the report is available at:
https://www.freedoniafocusreports.com/Global-Healthcare-FW40017/?progid=91541

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus reports, providing up-to-date, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, the Focus report’s coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Healthcare and Biotechnology reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

The analysis is intended to guide the busy reader through relevant topics in quick succession, including:

  • total historical market size and industry production
  • segmentation by products and markets
  • identification of market drivers, restraints and key indicators
  • outlook segment by segment in 5-year forecasts
  • supply base survey
  • suggested resources for further study

Press contacts:
Corinne Gangloff
+1 440.842.2400
[email protected]

SOURCE The Freedonia Group

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Take advantage of rising yields with this multi-sector income ETF https://imjustsayin.net/take-advantage-of-rising-yields-with-this-multi-sector-income-etf/ Wed, 21 Sep 2022 21:57:58 +0000 https://imjustsayin.net/take-advantage-of-rising-yields-with-this-multi-sector-income-etf/ After the Federal Reserve raised interest rates another 75 basis points on Wednesday, the yield on the 2-year Treasury note rose 15 basis points to 4.113%, its highest level since 2007. During this time, the yield on the benchmark 10-year Treasury note rose. one basis point to a high of 3.64%, the highest level since […]]]>

After the Federal Reserve raised interest rates another 75 basis points on Wednesday, the yield on the 2-year Treasury note rose 15 basis points to 4.113%, its highest level since 2007. During this time, the yield on the benchmark 10-year Treasury note rose. one basis point to a high of 3.64%, the highest level since February 2011.

Some investors believe that this large inversion, with short-term rates higher than long-term rates, suggests that a recession could be on the horizon.

The Fed raised its key rate by three-quarters of a percentage point, bringing it to a range of 3% to 3.25%. This is the third consecutive rate increase of 0.75%. Fed Chairman Jerome Powell said in a prepared statement that the U.S. central bank also “expects continued increases in the target range to be appropriate.”

So, as yields rise, fixed income investors may want to American Century Multi-Sector Income ETF (MUSI). MUSI seeks to deliver high levels of current income and attractive risk-adjusted returns over a full market cycle.

According to its product website, MUSI invests in a diversified portfolio of investment grade, high yield (up to 65%), securitized corporate and emerging market debt securities. Sector allocation decisions are managed tactically, based on the global macroeconomic outlook and assessment of relative valuation between sectors. Teams of sector specialists select individual bonds based on their own bottom-up fundamental analysis.

The fund is actively managed, offering investors the opportunity to gain exposure to more flexibility and risk management strategies. With the help of a professional team of portfolio managers, MUSI offers investors dynamic exposure to the fixed income market with respect to its stock selection.

The fund comes with a 30-day SEC yield of 4.8% as of July 29. While the fund invests in higher quality corporate debt securities, MUSI will deepen riskier credit to extract more yield.

In terms of duration, the fund focuses more on short-term and medium-term debt. The weighted average life to maturity on July 31 is approximately 6 years.

With the ability to enter and exit positions as the market environment deems necessary, the fund has greater flexibility in a current market environment where rate hikes are common. Additionally, it gives MUSI additional risk management by allowing fund managers to rotate and adjust portfolio holdings whenever necessary.

For more news, insights, and strategies, visit the Core Strategies channel.

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The best funds to complement Baillie Gifford Responsible Global Equity Income https://imjustsayin.net/the-best-funds-to-complement-baillie-gifford-responsible-global-equity-income/ Tue, 20 Sep 2022 10:01:29 +0000 https://imjustsayin.net/the-best-funds-to-complement-baillie-gifford-responsible-global-equity-income/ The ESG fund has been popular this year, attracting £446m in new inflows over the past six months, but its growth-focused strategy could skew the diversification of investors’ portfolios. While portfolios across many sectors have suffered exits this year as investors frown, the Baillie Gifford Responsible Global Equity Income fund has received £446m of new […]]]>

The ESG fund has been popular this year, attracting £446m in new inflows over the past six months, but its growth-focused strategy could skew the diversification of investors’ portfolios.

While portfolios across many sectors have suffered exits this year as investors frown, the Baillie Gifford Responsible Global Equity Income fund has received £446m of new capital in the past six months.

With income-paying funds looking increasingly attractive in this highly inflationary environment, investors may wonder what can be held in addition to the fund to enhance the performance of their portfolios.

It proved more popular at that time than the non-environmental, social and governance (ESG) version Baillie Gifford Global Income Growth.

Both wallets have the same management team, made up of James Dow, Toby Ross and Ross Mathison, but the durable version has been the best performer, beating its stablemate by 4.2 percentage points since its launch in late 2018.

Yields rose 64.6% over the period, also beating the IA Global Equity Income average by 27.9 percentage points, but Louis Tambe, senior investment analyst at City Asset Management, said the preference for investors for this fund compared to the sister fund is largely due to its ESG. mandate.

Total fund return vs. industry since inception

Source: FE Analytics

He said: “One of the reasons why the responsible fund has received more inflows recently is probably a continuation of the growing number of investors demanding greater attention to ESG criteria from fund managers, despite some negative headlines this year.”

That being said, both funds contain the same nine assets in their top 10 holdings, just with slightly different allocations, so investors can expect similar performance from both.

Here, Trustnet asks industry experts which funds will complement Baillie Gifford Responsible Global Equity Income and, by association, the Baillie Gifford Global Income Growth portfolio.

A good diversifier could be the Dodge & Cox Global Stock fund, as its value-oriented approach offers a distinct alternative to Baillie Gifford’s growth-oriented strategy.

Although the value has been out of favor for much of the past decade, the fund still managed to beat its peers in the IA Global sector by 52.3 percentage points, generating a total return of 224.7%.

Total return of the fund relative to the sector over the past 10 years

Source: FE Analytics

Similarly, the fund is up 7.3% so far in 2022, while the rest of the sector is down 8% on average as market volatility has sent growth funds tumbling.

Tambe added that he “has delivered strong risk-adjusted returns but with a different style of investing, increasing your portfolio diversification without sacrificing returns.”

Alternatively, the Artemis Positive Future could be a good partner alongside Baillie Gifford funds, according to Juliet Schooling Latter, research director at Chelsea Asset Management, although its ESG angle makes it a solid option for those who want to do good with their money.

The relatively young fund, which launched in April last year, is down 28.5% since inception, but its mid-cap bias means there is little overlap in holdings.

Schooling Latter added, “The sustainable approach offers an additional inclination for non-cyclical growth companies as it favors those that are tied to the long-term beneficiaries of changing consumer attitudes.”

Tom Sparke, investment manager at GDIM, said another good match for ethical investors could be with another fund from the same company, Baillie Gifford Positive Change.

The £2.6 billion portfolio managed by FE fundinfo Alpha managers Kate Fox and Lee Qian was launched almost two years before the Responsible Global Equity Income portfolio and its total return of 201.1% is more three times the IA Global industry average.

Total fund return versus benchmark and sector since inception

Source: FE Analytics

Although they are ESG funds from the same asset manager, they have only one common stock and their investment strategies differ significantly, according to Sparke.

He said: “It has a strong focus on tangible positive ESG results and complements its stablemate very well, displaying relatively high volatility and a high growth equity portfolio.”

Sparke added that the Positive Change fund contains a well-diversified portfolio of strong assets and can be held as a core holding in investors’ portfolios.

Tertius Bonnin, deputy director at EQ Investors, said he does not hold Baillie Gifford Responsible Global Equity Income and would instead suggest investors look to the Trojan Ethical Global Income fund, rather than backing the Baillie Gifford fund in the first place. .

The portfolio was launched in January last year as an ESG alternative to the Trojan Global Income fund, which lead manager James Harries has run since 2016.

Although a relatively new fund, it has outperformed the IA Global Equity Income sector since launch with a total return of 3%.

Total fund return vs. industry since inception

Source: FE Analytics

Bonnin said he likes Harries’ proven model, which has helped the Trojan Global Income fund rank in the top quartile over the past five years.

He said: “The fund gives exposure to a global portfolio of high-quality companies that must stand up to scrutiny after rigid analysis of financially material ESG factors and breakdown of revenue implications to ensure that revenues are long-term.”

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Leading Ecommerce Agency Spotlight Creates Passive Income Opportunities with Automation DFY https://imjustsayin.net/leading-ecommerce-agency-spotlight-creates-passive-income-opportunities-with-automation-dfy/ Sat, 17 Sep 2022 01:28:24 +0000 https://imjustsayin.net/leading-ecommerce-agency-spotlight-creates-passive-income-opportunities-with-automation-dfy/ 1st Spotlight was founded by Andre Johnson in 2016, specializing in social media marketing. Andre then saw an opportunity to make money doing affiliate marketing and started growing with affiliates. He then saw an opportunity with booming e-commerce to create and sell his own. products, he then launched two e-commerce stores which he quickly scaled […]]]>

1st Spotlight was founded by Andre Johnson in 2016, specializing in social media marketing. Andre then saw an opportunity to make money doing affiliate marketing and started growing with affiliates. He then saw an opportunity with booming e-commerce to create and sell his own. products, he then launched two e-commerce stores which he quickly scaled within 12 months, generating almost 7 figures in sales. Andre then acquired and sold his two e-commerce stores, creating a near 7-figure lump sum.

He then saw an opportunity to grow on a larger scale while helping others grow as well. So he adjusted the vision of 1stSpotlight and focused only on e-commerce. Now, 1st Spotlight helps create passive income opportunities by offering e-commerce services like marketing, startup, and hottest for your automation.

1st Spotlight seeks to repeat the process of success and create financial opportunity for people looking to grow and change their lifestyle. This is a once-in-a-lifetime opportunity with lifestyle transition unfolding before our eyes and if there is an opportunity to improve our lives, we deserve a chance to seize that opportunity. 1st Spotlight has helped a dozen people create financial freedom through e-commerce without even lifting a finger. Could this be a new route to buying a business? No more franchise bricks and mortar or long-term 10-20 year real estate investments or stocks, but rather something with nearly endless possibilities for growth and a very easy entry and duplication process.

Video link: https://www.youtube.com/embed/VVsoro7NDLQ

This explains why many customers are drawn to 1st Spotlight’s method of service. It allows you to create options for yourself without needing to feel like you have to keep that job or maybe you are just looking to earn some extra money, whatever your goal, 1st Spotlight Ecommerce Agency can help you. bring it there. Andre and the 1st Spotlight e-commerce agency are looking to continue their rapid growth and reach a goal of helping 10,000 people by the end of 2022

Follow the 1st e-commerce agency Spotlight

https://youtu.be/VVsoro7NDLQ (YouTube video)

www.1stspotlight.com (website)

https://m.facebook.com/firstspotlight/services/?ref=page_internal (Facebook)

https://www.instagram.com/1stspotlight/ (Instagram)

Media Contact
Company Name: 1st Spotlight e-commerce agency
Contact person: Andre Johnson
E-mail: Send an email
Country: United States
Website: www.1stspotlight.com

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Lessons from the 2021 Census Income Report https://imjustsayin.net/lessons-from-the-2021-census-income-report/ Thu, 15 Sep 2022 12:27:35 +0000 https://imjustsayin.net/lessons-from-the-2021-census-income-report/ On Tuesday, the Census Bureau released its annual US income report. He’s often a favorite of the partisan left, who use him as a cudgel to beat his opposition to low income growth – especially at the bottom – and inequality. But this year’s report was met with relative silence, perhaps because median household income […]]]>

On Tuesday, the Census Bureau released its annual US income report. He’s often a favorite of the partisan left, who use him as a cudgel to beat his opposition to low income growth – especially at the bottom – and inequality. But this year’s report was met with relative silence, perhaps because median household income (adjusted for inflation) fell from $71,186 in 2020 to $70,784 in 2021. , inequality measures have increased.

Unfortunately, these two years encompass the largest economic downturn in US history during the second quarter of 2020, a strong recovery thereafter, and massive transfers following the various stimulus bills. It is useful to recognize that three things are happening.

First, the massive amount of tax dollars transferred to households clearly distorts underlying economic trends, so put that aside and focus on labor income. As shown below, median labor earnings increased overall between 2020 and 2021, from $43,461 to $45,470. However, men’s and women’s earnings moved in opposite directions, with men’s earnings declining while women’s earnings increased.

But note that among full-time, full-year workers, earnings declined for both men and women and, therefore, overall as well. The increase in women’s total earnings reflects the fact that far fewer women were working full time in 2020 (58% vs. 68%), and this gap closed a year later (65% vs. 74%). So second, a big part of the revenue story was a return to more full-time work in 2021.

Labor earnings

(in 2021 dollars)

2020 2021
Number (thousands) Median earnings Number (thousands) Median earnings
Total workers 168 148 $43,461 168,401 $45,470
Men 88,645 $51,446 89,941 $50,983
Women 79,504 $37,527 79 100 $39,201
Full time,

Full year

106,297 $58,897 117,357 $56,473
Men 60,295 $64,217 66,366 $61,180
Women 46,002 $53,387 50,991 $51,226

But why have median earnings dropped among full-time workers? Here it is instructive to compare 2019 and 2021. This is shown below. This table paints a picture in which median earnings are increasing, but the number of workers is decreasing. Comparing the two tables reveals the massive shift in the number of full-time workers, from 119.2 million in 2019 to 106.3 million a year later, and to 117.4 million in 2021.

Labor earnings

(in 2021 dollars)

2019 2021
Number (thousands) Median earnings Number (thousands) Median earnings
Full time,

Full year

119 158 $56,189 117,357 $56,473
Men 67 123 $60,890 66,366 $61,180
Women 52,035 $50,126 50,991 $51,226

Moreover, we know that not all workers were equally exposed to the loss of a full-time job. It was the disproportionate fate of less educated and less skilled workers in service sectors such as leisure and hospitality. The third part of the story is that the full-time workforce in 2020 was much more educated and skilled than the corresponding workers in 2019 and 2021. Median earnings reflect this fact.

Yes, aggregate income has fallen and inequality has increased. But this can be attributed to government policy and changes in the availability of full-time work. This does not reflect a change in the performance of this work.

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Ohio sees changes to SNAP (Food Stamps) income limits https://imjustsayin.net/ohio-sees-changes-to-snap-food-stamps-income-limits/ Tue, 13 Sep 2022 13:30:07 +0000 https://imjustsayin.net/ohio-sees-changes-to-snap-food-stamps-income-limits/ (WKBN) – The United States Department of Agriculture has adjusted income limit requirements for the Supplemental Nutrition Assistance Program (SNAP). Effective October 1, 2022, the following will reflect Ohio’s new income limits to qualify for SNAP benefits. Ohio library staff quit, fired over tattoos Net Income Norms (100% of poverty) Size AG Maximum income 1 […]]]>

(WKBN) – The United States Department of Agriculture has adjusted income limit requirements for the Supplemental Nutrition Assistance Program (SNAP).

Effective October 1, 2022, the following will reflect Ohio’s new income limits to qualify for SNAP benefits.

Net Income Norms (100% of poverty)

Size AG Maximum income
1 $1,133
2 $1,526
3 $1,920
4 $2,313
5 $2,706
6 $3,100
seven $3,493
8 $3,886
Each additional +$394

Gross income standards (130% of poverty)

Size AG Maximum income
1 $1,473
2 $1,984
3 $2,495
4 $3,007
5 $3,518
6 $4,029
seven $4,541
8 $5,052
Each additional +$512

Separate GA income standards – aged and disabled GA only (165% of poverty)

Size AG Maximum income
1 $1,869
2 $2,518
3 $3,167
4 $3,816
5 $4,465
6 $5,114
seven $5,763
8 $6,412
Each additional +$649

There will also be a change in the maximum food assistance allocation for those receiving SNAP benefits.

Maximum food aid allocations

Size AG Maximum award
1 $281
2 $516
3 $740
4 $939
5 $1,116
6 $1,339
seven $1,480
8 $1,691
Each additional +$211
Minimum allocation $23

According to a representative from the Ohio Department of Employment and Family Services, the United States Department of Agriculture raises gross income limits every year. All states are required to implement the change.

Previously, a family of three would qualify for benefits with a minimum monthly income of $2,379. Now, effective October 1 (for federal tax year 2023), the three-person gross income limit will be $2,495.

Some changes have also been made to utility allowances.

  • Standard Service Allowance – $646
  • Limited Utility Allowance – $410
  • Single Standard Utility Allowance – $92
  • One-Time Phone Allowance – $43

You can read more about the changes here.

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2 Canadian stocks to buy for passive income forever https://imjustsayin.net/2-canadian-stocks-to-buy-for-passive-income-forever/ Sat, 10 Sep 2022 15:45:00 +0000 https://imjustsayin.net/2-canadian-stocks-to-buy-for-passive-income-forever/ Image source: Getty Images Perpetual passive income is the key to financial independence. With steady income from your savings, you can say “goodbye” to your job and “hello” to that Bahamas beach house. To achieve this, you will need to invest a significant portion of cash in businesses that are resilient to disruption and resilient […]]]>

Image source: Getty Images

Perpetual passive income is the key to financial independence. With steady income from your savings, you can say “goodbye” to your job and “hello” to that Bahamas beach house.

To achieve this, you will need to invest a significant portion of cash in businesses that are resilient to disruption and resilient to the economic cycle. Here are the top two actions that can generate passive income for life.

Passive Income Stock #1

Loblaw Companies (TSX:L) continues to post robust sales growth figures, even as other sectors are experiencing a slowdown. With demand for groceries and medicines still expected, the company’s prospects remain intact, even in deteriorating economic conditions. Loblaw controls about 27% of the retail market in Canada, giving it a lasting advantage.

Loblaw posted a 2.9% year-over-year increase in second-quarter sales to $12.85 billion, in line with consensus estimates. Additionally, adjusted earnings rose 22% year-over-year to $566 million, with diluted earnings per share of $1.69, above consensus estimates of 1. $61.

In addition to positive earnings results, Loblaw has taken steps to strengthen its presence in drugstore retailing with the acquisition of Lifemark Health Group. He has also signed a strategic collaboration with DoorDash to expand its grocery delivery business.

While the stock is up around 15%, investors are also rewarded with an impressive dividend yield of 1.33%, ideal for generating passive income. The stock also trades at 20 times earnings, implying a 5% earnings yield.

Given that Loblaw was able to defy the market drop, it remains a solid choice, even if the stock market as a whole remains under pressure.

Passive Income Action #2

Cenovus Energy (TSX:CVE)(NYSE:CVE) is another “forever” passive income choice. This is because we need more fossil fuels than we currently produce. Our dependence on this energy source is likely to last longer than expected.

Cenovus stock is up 43.7% year-to-date. That’s a wide margin over the benchmark.

The outperformance stems from the fact that the company will remain profitable as long as oil prices stay above the $80 per barrel level. A lingering energy crisis fueled by Russia’s oil and natural gas cuts in Europe should provide support for oil prices above the $80 a barrel level.

Cenovus has decided to strengthen its long-term prospects through acquisitions, including the purchase of the 50% interest in the Toledo refinery. Therefore, growth is expected to continue amid growing demand for oil and gas. Management has also pledged to cut costs as part of an effort to boost margins.

While trading with a price/earnings multiple of 11, Cenovus is still cheap relative to historical levels. Additionally, the more than 22% pullback from 52-week highs means the stock is trading at a discount, especially considering the energy crisis in Europe and growing demand for Canadian energy.

I expect the Cenovus team to increase their dividends in the near future. With more cash flow and predictable demand, the company can finally reduce debt and reward shareholders appropriately. Keep an eye out for this passive income opportunity.

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