Top 9 Factors Affecting Household Consumption and Saving
The following points highlight the top nine factors affecting household consumption and saving. The factors are: 1. The Level of Income and its Distribution 2. Consumer’s Expectations 3. The Rate of Interest 4. Tastes and Preferences 5. The Terms of Consumer Credit 6. The Stock of Wealth 7. Existing Stock of Durable Goods 8. Taxes 9. Sales Effort of Business [...]