Influence οf Households’ Borrowings οn Consumer Spending During the Escalation of the Crisis

Nivorozhkina L.I. , Tregubova A.A. , Batashev R.V.
European Research Studies Journal, Volume XXI, Special Issue 2, 485-496, 2018
DOI: 10.35808/ersj/1275


This article investigates the relationship between the borrowing activity of Russian households and their current conumer expendatures in the period of escalation of the social and economic crisis. The analysis was conducted on the basis of data provided by the Russian Longitudinal Monitoring Survey, RLMS-HSE for 2015. The paper proposes and implements an approach that makes it possible to assess the impact of borrowings on inequality in consumption and poverty among households. It was revealed that the need of repayment results in saving on food, medical treatment and other vital needs for an overwhelming number of households. This is especially acute among families being beyond the poverty threshold.

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