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Households

Households are fundamental social and economic units comprising one or more people who occupy a housing unit and share living arrangements. The term is used in social science and statistics to describe the group that makes shared decisions about purchases, meals, housing, and resource use, regardless of family status. A household may consist of a single person living alone or several unrelated individuals living together; it is distinguished from the dwelling, which is the physical structure.

In economic terms, households are the primary unit of private consumption and can be a source of

Households vary in size and composition, from one-person households to large multi-person households. They may be

Formation and dissolution of households are affected by life events (marriage, birth, divorce, migration, aging). Global

Because households determine consumption, housing demand, and welfare needs, they are central to governmental planning and

labor,
savings,
and
investment
decisions.
Household
income,
expenditures,
and
assets
are
key
variables
for
macroeconomic
analysis;
households
influence
demand
for
goods
and
services,
housing,
and
energy
use.
traditional
family
households,
cohabiting
couples
with
children,
or
non-family
households
such
as
roommates
or
communes.
In
many
countries,
census
and
surveys
categorize
households
by
size,
age
of
members,
and
presence
of
children.
trends
include
urbanization,
aging
populations,
declining
birth
rates
in
some
regions,
and
differing
patterns
of
multi-generational
living
across
cultures.
statistical
measurement.
Data
on
households
inform
social
policy,
housing
policy,
and
economic
forecasting.