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addaword.gifdefinition of cliff edge

noun
in taxation, a situation where a small increase in income leads to a large loss of benefits or increase in taxes due
To remove the “cliff-edge” in the original policy, Mr Osborne said child benefit would be withdrawn gradually from those earning between £50,000 and £60,000.
Submitted from United Kingdom on 20/04/2012 09:57:00
Definition of cliff edge from the Open Dictionary – a public resource hosted by Macmillan English Dictionary Online

sandwich generation

a generation … who are balancing working life with caring for both their teenage children and elderly parents

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