We find that both emergency income and pension withdrawals had statistically significant effects with an estimated average marginal propensity to consume of about 20 percent. Consumption of durable ...

Thus, this year's Government Work Report set a GDP growth target of around 5 percent and prioritized stimulating consumption ...

The American economy is increasingly reliant on the spending of high-income households, which could pose a risk to the ...

Higher-income households usually have lower marginal propensity to consume — that is, the the proportion of additional income the household is likely to spend rather than save — relative to ...