MLchartDataset catalogue

Consumer Unit

Term · Environment · MLC-T-ENV-006285

A consumer unit is defined as either (1) all members of a particular household who are related by blood, marriage, adoption, or other legal arrangements; (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 persons living together who pool their income to make joint expenditure decisions. 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-ENV-006285
FieldEnvironment
ReferencesDOL Bureau of Labor Statistics Glossary
Record as JSON
{
  "id": "MLC-T-ENV-006285",
  "term": "Consumer Unit",
  "field": "Environment",
  "definition": "A consumer unit is defined as either (1) all members of a particular household who are related by blood, marriage, adoption, or other legal arrangements; (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 persons living together who pool their income to make joint expenditure decisions. 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": [
    "DOL Bureau of Labor Statistics Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/consumer-unit/"
}

Record 6,285 of 30,736 in Environment terminology (MLC-0121). Request the full dataset.