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.
| Identifier | MLC-T-ENV-006285 |
|---|---|
| Field | Environment |
| References | DOL 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.