Monetary  income  and  expenses  of  the  population at the present stage of the country development

S.V. Dokholyan

Abstract. Economic and political processes occurring in a particular country and in the world affect the level of population monetary income. Since 2020, Russian citizens have felt the negative impact of such processes. This was caused by issues such as the pandemic and sanctions against Russia. At this period many enterprises, especially in the small and medium-sized enterprise sector, had to close. A significant part of Russians has lost their jobs, which has led to a decrease in their income and an increase in prices for goods and services. Such general scientific methods as comparative, logical and statistical analysis were used as the methodological basis of this research. The conducted research may be of interest for the development of public policy measures aimed at increasing the level of monetary income of the population. In the context of a difficult geopolitical situation and economic sanctions, Russia was faced with the need to reconsider its economic policy. The imposed sanctions contributed to the fact that Russian citizens began to use their money within the country, and this will have a positive impact not only on the standard of living, but also on the well-being of the Russian economy. In addition, citizens will give preference to durable goods, home tourist trips, and the purchase of real estate and cars. This made it possible to maintain economic stability and direct the spending of Russian citizens to purchase goods and services within the country and support domestic producers of goods and services.

Keywords: monetary income of the population, standard of living, welfare, wages, expenses of the population

For citation. Dokholyan S.V. Monetary income and expenses of the population at the present stage of the country development.  News  of  the  Kabardino-Balkarian  Scientific  Center  of  RAS.  2024. Vol. 26. No. 4. Pp. 83–93. DOI: 10.35330/1991-6639-2024-26-4-83-93