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I am looking at the Federal Reserves survey of consumer finances. I am wondering what counts as a family? For example, would a single person living alone count as a family? What about an adult son living with his parents? Would that be one family or two?

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    $\begingroup$ federalreserve.gov/publications/files/scf20.pdf - Definition of “Family” in the Survey of Consumer Finances $\endgroup$
    – AKdemy
    Jul 16, 2022 at 23:43
  • $\begingroup$ @AKdemy I read the appendix where it attempts to define a family. However, the definition is still unclear to me. I now believe that a single person living alone counts as a family. What about an adult son living with his parents? Is that one family or two? I am thinking it is one. $\endgroup$
    – Bob
    Jul 17, 2022 at 3:05
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    $\begingroup$ A family can be a single person or couple and everyone financially interdependent with that single person or couple. Therefore, your reasoning is correct. $\endgroup$
    – AKdemy
    Jul 17, 2022 at 11:51

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