Household Income Spending patterns

Comments

1 comment

  • Avatar
    IMPLAN Support
    Hello, The main cause for the difference appears to be the savings rate, which in 2011 is just 6% for the 75-100K group but is 29% and 30%, respectively, for the 100-150K and 150K+ groups. All else equal, the higher the savings, rate, the lower the percent of income spent on commodities, and the lower the impacts. In 2009, each of these 3 groups had the same savings rate (16%), which is why their impacts were so similar. In the IxC SAM (Explore > Social Accounts > IxC Social Accounts Matrix), the Household columns' payments to the Capital row represent net savings, which includes paying down debt (i.e., principle). So the savings rate can be calculated by dividing the household column's payment to the Capital row by the column total. Households receive income from Industries and Institutions. With this income, households buy goods and services, pay taxes, and save for the future. We have information about income, consumption, and tax payments. Savings is the difference between income and spending and serves as a balancing element.
    0
    Comment actions Permalink

Please sign in to leave a comment.