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Specifically, in the past the Sams have borrowed from the Janets to pay for consumption.
"If you aren't gaining ground," Mr. Levy added, "then you look for other ways to pay for consumption, going into debt or, until recently, refinancing your home".
Any hit to short-term revenue will be a price worth paying if customers can be persuaded to pay for consumption.
The biggest unknown is what will happen to heavily indebted families, many of which borrowed against the value of their homes or stock portfolios to pay for consumption or the purchase of more stocks.
More importantly, they can borrow to pay for consumption and pledge their assets as collateral.
Conservatives are correct when they say we can't keep borrowing forever to pay for consumption.
Similar(53)
Field experiment to assess the impact of providing household in Mexico with information about how electricity-consuming actions translate into additional costs on their bi-monthly electricity bill given that Mexican households face a highly nonlinear tariff where the marginal price for additional consumption can differ significantly from the average price paid for consumption.
Relatives may pay for the consumption or consumption may be financed via taxes.
Among the reasons she gave for the trend: People needed the extra income to pay for their consumption.
America responded by borrowing more money to pay for a consumption binge rather than buckling down and investing for greater productivity.
The allocation for early education was scrapped entirely.Ms Sawhill and Mr Haskins argue for a drastic shift in federal priorities: rather than pay for the consumption of the old, America should invest in the productivity of the young.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com