Year of Graduation
The Dynamics of Personal Income and Consumption Structure of the Households in the USA in 2000-2017
The dynamics and structure of households' consumption in the USA was a topical issue for many years: These indicators are the source of domestic investment, the "engine" of the economy. The key issues in this area for today are, firstly, the determinants of the consumption by various categories, their link with economic cycle and the changes after the financial crisis of 2008 and, secondly, the reasons for a low savings rate in the country. This study explains the dynamics of consumption in both categories and different periods of time (before and after the crisis). The paper presents comparative and regressive analysis (ARIMA modeling), revealing that a high saving rate is not only the result of the trend in the economy, but also the consequence of the state policy, demographic and technological changes. Also the study provides the analysis of the factors which unequally influence the consumption of goods of different categories.