The Impact of Socio-Economic Factors on Household Consumption Patterns in Maharashtra: A Comparative Analysis of Pre- and Post-COVID-19 Trends

Abstract

This paper provides a comprehensive review of the existing literature on the impact of socio-economic factors on household consumption patterns, particularly in the context of the covid-19 pandemic. Drawing from a diverse range of studies, the review examines how variables such as income, gender, family size, education, and occupation influence spending on essential categories like food and health, as well as discretionary non-food items including recreation, dining out, and vacations. The literature reveals that income and household size are consistently significant determinants of consumption, with marked variations between rural and urban areas. Studies also highlight the pandemic's role in altering consumption priorities, with increased spending on health and food, and reduced expenditure on non-essentials. This review synthesizes key findings and identifies gaps in the literature, emphasizing the need for further research into post-pandemic consumption behavior, particularly in developing regions like maharashtra, india. The findings offer critical insights for policymakers aiming to address consumption disparities and enhance household resilience in times of crisis.