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Household Spending

My community is blessed to see significant residential development and growth recently. The new homes bring a stronger economic outlook and potential for a potent economic impact. Household spending is foundational to our economy. With those new homes built and new people moving in, it only causes wonderment...

Where does household spending come from?

Mainly from household earnings- wages, salaries, rents, profits, or whatever other payments householders receive from the work they have performed. With a few exceptions, such as Social Security checks.

Household spending can be augmented, in the short-term, if householders draw from their savings accounts or liquidate stocks or bonds. It can also be augmented by borrowing, which allows some households to spend more than their current incomes- often the case for purchasing an expensive car.

One major benefit is household spending triggers spending at local businesses, patronizing various events and causes, and tax revenues for public services. These are just a few benefits from household spending.



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