Articles on Middle class

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Because the threshold for the Medicare levy exemption is based on family income, the reform will reinforce the move towards higher effective tax rates on low income second earners in a family. Joe Castro/AAP

Shifting the tax burden to middle-income earners will undermine jobs and growth

With its recent budget changes, the government is proposing a rise in marginal tax rates across a wide band of middle incomes and a marginal tax rate cut for the top.
People around the world woke up to a new U.S. president-elect. Jose Luis Gonzalez/Reuters

What Donald Trump’s surprise victory means for the economy and business

Four of our economic scholars weigh in on Trump's legislative agenda, healing the divide, uncertainty and something known as the 'presidential puzzle.'
A street trader looks out from his store in Cape Town, South Africa. Defining people who earn US$2 a day as middle class doesn’t make sense. EPA/Nic Bothma

Africa’s rising middle class: time to sort out fact from fiction

Some economists have touted the rising middle class as a panacea for Africa's challenges. But a more realistic diagnosis of what makes up a middle class is needed.
Maybe not, if you work on Wall Street. Reuters

Is the American Dream dead?

Falling homeownership rates, stagnant wages and diminishing retirement savings mean that for more and more Americans, the middle-class dream is slowly dying – if it's not already gone.
Whose money pile is growing was a key issue in 2015. Money tree via www.shutterstock.com

2015, the year that was: economics and business

Our scholars delivered a steady supply of research and analysis on what was a busy year in business and economics.

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