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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 21, 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 21, 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 21, 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 21, 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/
