It also raises the real value of disposable household income and in so doing may
increase household consumption.
Not exact matches
«There was still a risk that growth in
consumption might turn out to be weaker than forecast if
household income growth were to
increase by less than expected.»
Having
increased their borrowing,
households are less inclined to let
consumption growth run ahead of growth in incomes for too long.
At the same time unemployment will rise, which will partially reduce the savings rate, but worried Chinese
households with jobs will cut back on
consumption, which will
increase the savings rate.
Historically,
household consumption has
increased by roughly 0.2 percent for every one percentage point
increase in
household debt.
German investment rates did not rise to match the
increase in savings (in fact I think investment actually declined), nor did
consumption among ordinary German
households surge.
As savings were force up structurally, whether because of rising income inequality or a declining
household share of GDP, the system responded in ways that were sustainable (
increases in productive investment) and in ways that were unsustainable (rising inventory in China,
increases in speculative investment in the US, China, and Europe, and
increases in credit - financed
consumption in the US and southern Europe).
Until we understand this do not expect the global crisis to end anytime soon, except perhaps temporarily with a new surge in credit - fueled
consumption in the US (which will cause the trade deficit to worsen) and more wasted investment in China (which, because it is financed with cheap debt, which comes at the expense of the
household sector, may simply
increase investment at the expense of
consumption).
In the euro area, the
household saving rate
increased due to a larger fall in real final
consumption expenditure -LRB--0.7 %) than in real gross disposable income -LRB--0.4 %).
However, this is changing, and the
increase in the level of
household debt over the past decade is a major shift, with significant knock - on implications for
consumption.
The pick - up in
consumption in the March quarter appears to be continuing and is being supported by further
increases in consumer confidence;
household spending
increased by 2 1/2 per cent in the June quarter and consumer confidence is now at its highest level in 4 years (Graph 3).
In the September quarter,
household consumption rose by 1.1 per cent, a slight
increase from the pace in the June quarter, but less than might have been expected given the boost to incomes from the budget measures.
An additional factor explaining the continued strength of
consumption over the past couple of years has been the strong
increase in
household wealth.
The recent step - up in growth has been underpinned by strong
household consumption, which rose by 1.6 per cent in the September quarter, propelled by a sharp
increase in disposable income flowing from recent fiscal initiatives.
Households have reduced their indebtedness and
increased their saving, and
consumption growth in the December quarter was the strongest in over two years.
With income growth outpacing that in
consumption, there was also a small
increase in the measured
household saving ratio.
While most of this borrowing has been used to finance the acquisition of dwellings, including by investors,
households have also
increased their borrowing to finance
consumption.
Consumption was also supported by an
increase in
household net wealth in the December quarter of 4.2 per cent, driven by a substantial
increase in the value of equities and rapid growth in house prices.
However,
household consumption increased by just 5.17 per cent at the top of 2013, a shift down form the 5.36 per cent posted in the last quarter of 2012, he mentioned.
Households are bound to become more cautious if the prospect of an economic downturn
increases, and this would show up as weaker
consumption and a rise in precautionary savings.
A school salad bar
increases frequency of fruit and vegetable
consumption among children living in low - income
households
The LEAP programme is cash transfer being implemented by the Department of Social Welfare under the Ministry of Gender, Children and Social Protection (MOGCSP), aimed at reducing poverty by
increasing consumption and promoting access to services and opportunities among the extreme poor and vulnerable
households, elderly persons 65 years and above without any support and severely disabled persons without any productive capacity and recently, the extremely poor pregnant women and children under 2 years old.
The researchers estimated that adding energy storage to a
household with solar panels
increases its annual energy
consumption by about 324 to 591 kilowatt - hours.
When agent density rose — from zero to six agents over six years — these
households saw a daily per capita
consumption increase of about 18.5 percent.
A new study estimates that, since 2008, access to mobile - money services — which allow users to store and exchange monetary values via mobile phone —
increased daily per capita
consumption levels of 194,000, or roughly 2 percent, of Kenyan
households, lifting them out of extreme poverty (living on less than $ 1.25 per day).
But there's an interesting gender effect: Female - headed
households saw far greater
increases in
consumption than male - headed
households.
The
increase in use of words like «choose,» «compete,» «private,» «autonomy» and «innovation» demonstrated a growing prevalence of individualistic values coinciding with sharp rises in urban population,
household consumption and education levels.
Results from the implementation of the same basic program, adapted to a wide variety of geographic and institutional contexts and with multiple implementing partners, show statistically significant cost - effective impacts on
consumption (fueled mostly by
increases in self - employment income) and psychosocial status of the targeted
households.
A diet rich in vegetable oils, white flour and sugar, exposure to pesticides and herbicides,
consumption of conventionally raised dairy and meat products, the high use of plastics, as well as use of some cosmetics, toiletries and
household cleaners,
increases the cancer causing 16a OH Estrone metabolite.
Results from L.E.K. Consulting's second annual «Hidden Opportunities in New Media Survey» of more than 2,000
households showed an explosion of e-reader purchases by a consumer segment that is significantly
increasing its new media
consumption.
While
consumption has
increased, research has shown that the median
household makes less money than it did a decade ago.
As
households increase savings and reduce debt,
consumption is lower contributing to slower growth.
More importantly, says a Harvard study, «The current rate spread is an important influence on mortgage choice, as would be implied by a model in which borrowing - constrained
households seek low rates in order to maintain the level of current
consumption, or to
increase the size of the house they can buy when constrained by bank limitations on mortgage interest - to - income ratios.»
Shrubs, flowers and plants based in soil require constant watering, and a
household's water
consumption can easily
increase dramatically.
It adds that job losses would be minimal; the new carbon market would create new jobs; that the manufacturing sector will lose a few jobs; that
household consumption will fall by only one percent at worst; that
increases in energy costs would be modest; and that overall costs would be small enough to permit expansion of programs to offset the burden for low - income
households.
• As a result, if we define net energy
consumption as the product of gross energy
consumption times an efficiency factor taking into account the efficiency of the energy sources used by
households, we may observe an inverted - U relationship between gross energy
consumption and income, even though net energy
consumption may be monotonically
increasing in income.
Though energy prices are expected to
increase modestly, energy
consumption is expected to counteract these
increases as
households take advantage of these energy efficiency programs.
49 Rising Energy Costs for Consumers Average annual
household utility bills have
increased 48 % since 1980 (adjusted for inflation)-- Add in today's average annual gasoline budget per
household and today's estimated annual home energy budget is over $ 3,800 Electricity costs continue to rise, with some utilities requesting rate
increases of 35 % or more Spending on electricity is the highest share of total consumer spending since the energy crisis of 2000 Energy
consumption has been rising along with costs — Electricity consumed by the typical American
household has more than doubled since 1980 and is expected to
increase another 20 % by 2015
During this same period, annual electricity
consumption per
household actually fell from 94.9 to 89.6 million Btu per
household --- meaning that rising
household energy expenditures came from rising energy costs, not
increased usage.
«
Increasing consumption in urbanising China has been identified as an important driver of
household carbon footprints over the last 20 years due to the growing urban population and incomes, while decreasing carbon intensity of the Chinese economy only weakly dampens these trends,» the study says.
During the 1960s, the expansion in publicly provided services created employment opportunities for women and as men's wage
increases started to stall, married women took on part - time jobs in order to maintain
household consumption standards.