In 1913, politicians endeavored to extract Americans' money by legalizing an income tax, rather than living within their means
. They promised: "This is only a 1% tax on the top 1%.
(Silicon Valley), San Francisco and Raleigh, N.C., top the list for cities in which people are living within their means
. High incomes help residents of San Jose and San Francisco pay their bills (despite exceptionally high housing costs), while a modest mortgage-to-income ratio gives Raleigh a big boost.Residents of San Antonio, Riverside, Calif., and Las Vegas are struggling to meet their bills.
Perhaps it's time that they started living within their means
The seminar did not deal with GDP and macroeconomic indicators, but with helping people manage their finances in a rational and sensible way -- living within their means
. What a pity that none of our deputies and party big-wigs attended as they may have learned a few basic things.
Marsha Barnes, a financial empowerment speaker who teaches financial responsibility and frugality, says many have a difficult time living within their means
because they want everything they see right now.
CEBR's head of macroeconomics Charles Davis said: "Households have had to get used to living within their means
as they have been buffeted by the financial crisis, weak economic growth, fiscal tightening and high inflation.
Finally people need to start living within their means
instead of chasing unrealistic lifestyles fueled by escalating debt.
Richard Hawes, Cardiff- based Recovery and Reorganisation Partner for Grant Thornton said, 'Whilst a glimmer of improvements is visible within the football industry, the underlining fact is that football clubs are still not living within their means
Aberdeen, Kilmarnock, Dundee United and Hibs have overseen major debt reductions, Hearts have emerged from administration while others are living within their means
. Rangers' financial problems have dominated the headlines but the recent cash injection from Mike Ashley has taken them clear from the danger Turn to T Page 52
People in the North East of England were most likely to always be in debt, with 12% permanently in the red, while those in the North West were most likely to be living within their means
Even a small increase would leave 27 per cent of Brits struggling, a study by online bank Cahoot found.But in Scotland, the survey revealed most people were living within their means
and only four per cent would be thrown into financial chaos.
'A number of football clubs have been and are still in administration, debts are increasing and very few clubs can be said to be living within their means
, an attitude which, for many, could spell financial disaster,' continued Hawes.