Noun
income group (plural income groups)
(economics, sociology) A group in a given population having an income within a specified range.
‘He said his country had succeeded in reducing poverty by means of reducing tax brackets to the lower income group as well as reducing transfer duties payable on acquisition of property.’ Source: Internet
“A reduction or exemption from SST of certain classes of goods would greatly benefit the lowest income group who need help the most in this unprecedented crisis. Source: Internet
Per PolitiFact, “… by 2027, every income group below $75,000 would see a tax increase.” Source: Internet
For each income group, we considered different income objectives for retirement including the Australian Association of Superannuation Funds of Australia's "" standards. Source: Internet
“Westfield is situated in the middle to lower income group. Source: Internet
You could see an exodus of middle-income families from the public school system, so it’s segregation not only by race but income group.” Source: Internet