MLchartDataset catalogue

Consumer unit

Term · Economic statistics · MLC-T-ECS-000374

(1) All members of a particular household who are related by blood, marriage, adoption, or some other legal arrangement; (2) a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more people living together who pool their income to make joint expenditure decisions

Note: Financial independence is determined by the three major expense categories: housing, food, and other living expenses. To be considered financially independent, a respondent must provide at least two of the three major expense categories.

Table 1. Record
IdentifierMLC-T-ECS-000374
FieldEconomic statistics
ReferencesBLS Glossary
Record as JSON
{
  "id": "MLC-T-ECS-000374",
  "term": "Consumer unit",
  "field": "Economic statistics",
  "definition": "(1) All members of a particular household who are related by blood, marriage, adoption, or some other legal arrangement; (2) a person living alone or sharing a household with others or living as a roomer in a private home or lodging house or in permanent living quarters in a hotel or motel, but who is financially independent; or (3) two or more people living together who pool their income to make joint expenditure decisions\n\nNote: Financial independence is determined by the three major expense categories: housing, food, and other living expenses. To be considered financially independent, a respondent must provide at least two of the three major expense categories.",
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/consumer-unit/"
}

Record 374 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.