The phrase "moderate income working family" is often used to describe households that earn a decent wage but still face financial challenges. In phonetic transcription, the word "moderate" is pronounced /ˈmɑdərət/ with the stress on the first syllable. "Income" is pronounced /ˈɪnkʌm/ with the stress on the second syllable. "Working" is pronounced /ˈwɜrkɪŋ/ with the stress on the first syllable. Lastly, "family" is pronounced /ˈfæməli/ with the stress again on the first syllable. Together, these words describe a hardworking and financially-resilient household.
A "moderate income working family" refers to a household that falls within a certain earnings range and engages in gainful employment. This term is commonly used in discussions of socioeconomic classification and policy-making. It typically characterizes families who earn an income that is considered neither high nor low in relation to the national or regional average. The specific income level that qualifies as "moderate" may vary depending on various factors, such as the cost of living in a particular area.
In general, a moderate income working family exhibits characteristics of steady employment and earns enough to meet its basic needs, but may face financial challenges in affording certain expenses or achieving significant upward mobility. This category often encompasses single individuals or couples who have dependents, such as children, as well as families where both parents or heads of the household work and contribute to the overall income. These families may not qualify for certain government assistance programs targeted at those with lower incomes, but are still likely to experience strain when it comes to affording housing, education, healthcare, transportation, and other essential expenses.
The definition of a "moderate income working family" can vary depending on the context in which it is used, and it is important for policymakers, researchers, and organizations to clearly define the parameters when using this term to ensure accuracy and consistency in their analyses and evaluations of the needs and challenges faced by these families.