This shows that the marginal propensity to consume (MPC) is 0.88; and as a result, marginal propensity to save
(MPS) is 0.12, ceteris paribus. Moreover, inflation rate is seen as a disincentive to household spending (statistically
significant at the 0.1 level). Also, our findings suggest that there is an inverse relationship between household saving
rate and household spending (statistically significant at the 0.01 level). Even though annual economic growth rate
appears to be negatively associated with household spending, it is statistically insignificant