During the recent economic recession due to the COVID-19 pandemic, it was found that the marginal propensity to consume (MPC) out of income after job loss came to 35.2 cents per one U.S. dollar in the United States between January and October 2020. MPC is the aggregate proportion of income that a consumer would spend on the consumption of goods rather than saving it.
Marginal propensity to consume (MPC) out of income after job loss in the United States from 2008 to 2020, by era
Marginal propensity to consume (MPC) values are computed from a regression of spending changes on income changes and a number of controls such as, income level, liquid balances, and demographic variables.
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JPMorgan Chase. (August 17, 2021). Marginal propensity to consume (MPC) out of income after job loss in the United States from 2008 to 2020, by era [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/1269519/us-mpc-after-job-loss-era/
JPMorgan Chase. "Marginal propensity to consume (MPC) out of income after job loss in the United States from 2008 to 2020, by era." Chart. August 17, 2021. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/1269519/us-mpc-after-job-loss-era/
JPMorgan Chase. (2021). Marginal propensity to consume (MPC) out of income after job loss in the United States from 2008 to 2020, by era. Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/1269519/us-mpc-after-job-loss-era/
JPMorgan Chase. "Marginal Propensity to Consume (Mpc) out of Income after Job Loss in The United States from 2008 to 2020, by Era." Statista, Statista Inc., 17 Aug 2021, https://www.statista.com/statistics/1269519/us-mpc-after-job-loss-era/
JPMorgan Chase, Marginal propensity to consume (MPC) out of income after job loss in the United States from 2008 to 2020, by era Statista, https://www.statista.com/statistics/1269519/us-mpc-after-job-loss-era/ (last visited November 03, 2024)
Marginal propensity to consume (MPC) out of income after job loss in the United States from 2008 to 2020, by era [Graph], JPMorgan Chase, August 17, 2021. [Online]. Available: https://www.statista.com/statistics/1269519/us-mpc-after-job-loss-era/
