The Population’ Income, Expenses and Savings as Descriptive Aspects of the Standard of Living

Mălina-Ionela Burlacu ()
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Mălina-Ionela Burlacu: Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2016, vol. XVI, issue 2, 175-180

Abstract: At the level of any society, the income, expenses and savings have been playing and continue toplay an important role from both macroeconomic perspective (as a key element in the developmentof a company) and microeconomic perspective (from the point of view of the household, as a meanof describing the standards of living of the population). Linked together, they represent keyelements that play an important role in the entire national economy. By the means of a short quantitative research, this article aims to present how the total ofrevenues, the registered expenditure and the amount of savings on a household level create adescriptive picture of the standards of living. At a household level, the existing incomes representthe main source of both expenses and savings. Thus, a strong correlation between these elements iscreated, which defines the importance that each one shows.

Keywords: income; expenses; savings; standard of living (search for similar items in EconPapers)
JEL-codes: O15 R21 (search for similar items in EconPapers)
Date: 2016
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