"The Consumer Expenditure Survey"

The Consumer Expenditure Survey is a government research program that collects data on how households spend their money, what they buy, and their income levels. Conducted regularly, it helps to understand consumer habits across different segments of the population. This information informs economic policy, business decisions, and social programs by providing a detailed picture of purchasing trends, savings, and financial well-being of Americans. The survey involves interviews and diaries kept by households, ensuring accurate, up-to-date insights into the costs of living and economic conditions.