Measuring Spending in the Survey of Consumer Finances

Aditya Aladangady, Jesse Bricker, Andrew C. Chang, Sarena Goodman and Gina Li
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Jesse Bricker: https://www.federalreserve.gov/econres/jesse-bricker.htm
Andrew C. Chang: https://www.federalreserve.gov/econres/andrew-c-chang.htm
Sarena Goodman: https://www.federalreserve.gov/econres/sarena-f-goodman.htm
Gina Li: https://www.federalreserve.gov/econres/gina-li.htm

No 2026-10-09-5, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The United States has long lacked comprehensive household spending data across all types of households. Data sources whose primary purpose is to measure spending routinely miss the highest-income and wealthiest households (Bee, Meyer, and Sullivan, 2015; Sabelhaus, Johnson, Ash, Swanson, Garner, Greenlees, and Henderson, 2015; Pfeffer, Schoeni, Kennickell, and Andreski, 2016), while data sources that cover the full distribution of income and wealth lack comprehensive spending measures (Attanasio and Pistaferri, 2016; Fisher, Johnson, Smeeding, and Thompson, 2022).

Date: 2026-10-09
Note: Authors acknowledge assistance from Payton Crawford and Eve Devens.
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103909

DOI: 10.17016/2380-7172.4198

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