Lyudmil Naydenov
State, Dynamics and Trends of Household Income under the Covid-19 Conditions
Summary:
This paper examines the relationship between household income, financial stability and well-being under the COVID-19 conditions in Bulgaria. Based on the definition of the total and monetary household income, the paper outlines its theoretical bases, scope, structure and specific characteristics. It analyzes the dynamics of the total and monetary household income, proving that it depends directly on the global pandemic situation provoked by COVID-19. It also justifies the need to rationalize the management of household income in the short and long term to achieve the financial goals, set in the household budget, and improve household’s well-being. The object of study in this paper is household income, and the subject is defined as the highlighting of factors that affect the state, dynamics and trends in the development of the object of study in recent years in the Republic of Bulgaria. The conclusion is that the rational management of household income in the short, medium and strategic horizon is a prerequisite for the households’ financial stability and achievement of the goals set, complied with the households’ financial capabilities.
