Consumer Unit Characteristics: Age of Reference Person by Income Before Taxes: $70,000 and over (CXU980020LB0210M)

Source: U.S. Bureau of Labor Statistics  

Release: Consumer Expenditure Surveys  

Units:  Years of Age, Not Seasonally Adjusted

Frequency:  Annual

Income before taxes refers to the total money earnings and selected money receipts during the 12 months prior to the interview date.

A consumer unit comprises 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 use 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, at least two of the three major expense categories have to be provided entirely, or in part, by the respondent.

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