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.
| Identifier | MLC-T-ECS-000374 |
|---|---|
| Field | Economic statistics |
| References | BLS 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.