Economic unit in which goods are used to satisfy personal needs – to maintain and shape life, existence. – All decisions concerning money are recorded by the ECB and broken down into components – above all: formation of tangible assets, formation of financial assets, net additions to liabilities. – Private consumption accounts for about seventy percent of aggregate demand in the euro area; in the U.S., this share is roughly the same. – See building land assets, income, disposable, consumer durables, monetary purpose, corporations, nonfinancial, participators, private households, accrual, saving frenzy, surplus units, debt ratio, private, home ownership, housing, owner-occupied. – Cf. the annex “Euro area statistics” of the respective ECB Monthly Report, as well as for Germany in the “Statistical Section” of the respective Deutsche Bundesbank Monthly Report, heading “Economic situation,” subheading “Income of private households,” ECB Monthly Report of March 2006, pp. 52 et seq. (loans granted by non-monetary financial institutions to private households), ECB Monthly Report of October 2006, pp. 71 ff. (important innovations in recording and presentation; overviews), ECB Monthly Bulletin of June 2007, p. 74 ff. (quarterly sector accounts; overviews), Cf. ECB Monthly Bulletin of October 2007, p. 75 ff. (long-term development of loans; classification by type and purpose; many overviews), ECB Monthly Bulletin of March 2008, p. 63 (increase in debt as a share of gross income and in relation to gross domestic product, 2000 – 2007), ECB Monthly Bulletin of July 2008, pp. 20 ff. (comparative overview of loans to households, 2000-2007), ECB Monthly Bulletin of April 2009, pp. 75 ff. (comparison of household and nonfinancial corporation financing between the U.S. and the euro area; textbook presentation; many overviews), Financial Stability Report 2010, pp. 79 f. (financial assets and debt since 1991), Monthly Report of the Deutsche Bundesbank of January 2012, pp. 29 ff. (assets of private households in Germany; detailed presentation; many overviews), p. 66: one-third of households’ financial assets consist of claims on insurance companies and pension funds).
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/