29 November 2021
New US Consumption Gauge To Include Unpaid Work, Housing
By Jean Yung
New US Consumption Gauge To Include Unpaid Work, Housing
The U.S. Bureau of Labor Statistics will incorporate estimates of the value of unpaid household work and home ownership into a new measure of consumption, aiming for a more comprehensive view of living standards at a time when policymakers are increasingly concerned with addressing inequality.
Read more at: https://marketnews.com/homepage/mni-us-bls-to-develop-novel-consumption-measure
Associated Programs
- The Levy Institute Measure of Economic Well-Being