Keyword: «household»

The article examines the debt component of households consumer behavior in modern economy. Based on the experience of developed countries, pre-crisis trends in the personal consumption which were caused by availability of bank crediting to the general public have been identified. The motives and boundaries of consumption are shown through the evolution of theoretical views on consumer choice. The accent is made on the cause-effect relation of the population consumer activity and the use borrowings. The circumstances of « consumption abuse » practice that lead to excessive indebtedness are discovered. The social nature and parameters of households’ debt behavior are characterized. The horizon of life planning and the intensity of consumer borrowing are presented in connection with the financial stability of national economy. The functional significance of the overdue debts collection mechanism is established, its institutional weakness in Russian conditions is noted.

The article considers the concept of the household reserve Fund, its purpose and feasibility of formation, formed the requirements for the reserve fund, provides an overview of the situation in Russia as of March 2020, considers the most popular ways of forming the household reserve Fund and gives their detailed assessment, formed a comparative table and conclusions about the preferred options.