BIBFRAME Work

Title

Creating an integrated system of data and statistics on household income, consumption, and wealth : time to build

Type

  • Monograph
  • Text

Contribution

Subject

  • Social sciences--United States--21st century--Statistical methods (LCSH)
  • Richesse--États-Unis--Statistiques (RVM)
  • Income distribution--21st century--Government policy--United States (LCSH)
  • Revenu--États-Unis--Statistiques (RVM)
  • SOC027000 (BISACSH)
  • J
  • Income--United States (LCSH)
  • COVID-19 (Disease)--Economic aspects (LCSH)
  • SOC000000 (BISACSH)
  • Consumption (Economics)--United States (LCSH)
  • Société de consommation--États-Unis--Statistiques (RVM)
  • Recessions--United States--21st century (LCSH)
  • Wealth--United States (LCSH)
  • JHBC
  • Récessions--États-Unis--21e siècle (RVM)
  • Consumption (Economics)--United States--Surveys (LCSH)
  • Economics--United States--21st century--Statistical methods (LCSH)

Genre Form

Language

Illustrative Content

Classification

LCC: HB137 .C743 2024 (Status: not used by assigner) (Status: upgraded prepub)

Content

Supplementary content

Summary

Many federal agencies provide data and statistics on inequality and related aspects of household income, consumption, and wealth (ICW). However, because the information provided by these agencies is often produced using different concepts, underlying data, and methods, the resulting estimates of poverty, inequality, mean and median household income, consumption, and wealth, as well as other statistics, do not always tell a consistent or easily interpretable story. Measures also differ in their accuracy, timeliness, and relevance so that it is difficult to address such questions as the effects of the Great Recession on household finances or of the Covid-19 pandemic and the ensuing relief efforts on household income and consumption. The presence of multiple, sometimes conflicting statistics at best muddies the waters of policy debates and, at worst, enable advocates with different policy perspectives to cherry-pick their preferred set of estimates. Achieving an integrated system of relevant, high-quality, and transparent household ICW data and statistics should go far to reduce disagreement about who has how much, and from what sources. Further, such data are essential to advance research on economic wellbeing and to ensure that policies are well targeted to achieve societal goals. Creating an Integrated System of Data and Statistics on Household Income, Consumption, and Wealth reviews the major household ICW statistics currently produced by U.S. statistical agencies and provides guidance for modernizing the information to better inform policy and research, such as understanding trends in inequality and mobility. This report provides recommendations for developing an improved 21st century data system for measuring the extent to which economic prosperity is shared by households throughout the population and for understanding how the distribution of resources is affected by government policy and economic events.

Authorized Access Point

Creating an integrated system of data and statistics on household income, consumption, and wealth : time to build

Geographic Coverage

Admin Metadata

  • Date: 2026-09-11T20:23:35.823380+00:00
  • Agent: cbc
  • Status: c
  • Derived from: 23739335

Admin Metadata

  • Date: 2026-09-11
  • Cataloger id: Unknown
  • Description level: http://id.loc.gov/ontologies/bibframe-2-6-0/
  • Description language: eng
  • Description authentication: pcc

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