This blog serves as a current awareness resource for recently published federal and Wisconsin government publications.
Monday, April 17, 2017
Who Wants to Know? Consumer Expenditures
"How much did you spend on ice cream last year? If you read myrecent blog post, you’ll know the average household spends $54.04 each year. Last week I explained why that information matters to theBureau of Labor Statisticsand to the researchers, business owners, lawmakers and many others who use our data every day. Today I’d like to take another dive into some of the data we collect.
TheBLS Consumer Expenditure Interview and Diary surveysask lots of questions about households’ spending and the characteristics of all the family members, and then publishes updated tables every six months. Why does BLS collect so much information, and who uses it?
Let’s take a look at some of the questions the surveys ask (and if you’re thinking that some of these questions sound a little personal, you’ll be glad to know that all the answers are keptcompletely confidential)..."