IMPACT OF ECONOMIC SLOWDOWN ON HOUSEHOLDS’ EXPENSES AND SAVING
The article discusses the current trends in the economic environment in modern Russian Federation focusing on the correlation between the economic slowdown and changes in households’ expenses and saving pattern. The statistics reported by the Federal State Statistics Service helped identify and analyze the main directions of development of Russian economy as well as the conditions of savings and expenses of households in the current economic conditions. Furthermore, the article includes a sociological survey, in which people’s opinion on current economic situation is studied and the allocation of households ’ expenses and savings level are analyzed and examined thoroughly. It was revealed that ordinary respondents in the streets also experience little optimism about the immediate prospects of our economy and higher standard of lifing in general. The investigation brings us to conclusion that in times of economic slowdown people tend to save in banks less as their income is sufficient to cover only the necessities.