The financial sustainability during household life-stages

Abstract

The theoretical aspects of financial sustainability by the life stages of household impact were studied. In the research, analysis was used as a method of the scientific method for studying financial stability and synthesis was used as a method of the scientific method for studying household life stages. It is clarified that the financial sustainability of households is one of the two assessments of their financial condition. It is proposed to ensure the financial sustainability of households to consider as a goal of managing their financial resources at all stages of their life cycle. Based on the different ratios of consumption and savings of household income throughout its life cycle indicators for assessing the financial sustainability of households are studied. The direction of change in the values of these indicators at certain stages of the household life cycle is assessed. Thus, the role of indicators at a particular stage of LCH is different (the growth of their values at all life cycle stages; growth for a certain period and a decrease in the future; growth during the period of active labour activity, and their reduction through the use of savings and investments in the future; reductions throughout all stages of the life cycle. The study of the optimal values of these indicators for assessing the financial sustainability of households opens up prospects for further research in this area of economic science.