Many small busiensses serve local needs...with local solutions. But which solutions are most central to the heart of sustainable families and sustainable communities? The Census Bureau has found that money isn't everything. There are more tangible ways to measure standards of living and small businesses are in a great position to identify solutions that meet these basic human needs.
The living standards of U.S. households
are traditionally measured by income.
This report takes a different approach.
Survey of
Income and Program Participation (SIPP)
It measures living standards in terms of
extended measures of well-being of
households tracked in the Survey of
Income and Program Participation (SIPP)
to help deepen our knowledge about
household conditions in ways not captured by money alone.
Some aspects of
well-being, such as fear of crime or quality of local public services,
may be only
loosely connected with money. Other
measures are more closely related to
income but can also be effected by factors such as the cost of living,
age, disability status, and sudden changes in circumstances.
Extended measures of
well-being provide a more complete and
detailed picture of household living conditions in the United States than income
alone provides.
Well-being Metrics
The U.S. Census Bureau tracks extended
measures of well-being in the SIPP.2. The
SIPP's "Extended Measures of Well-Being"
topical module, on which this report is
based, covers five broad domains:
(1) appliances and electronic goods, such
as possession of refrigerators, landline
and cellular telephones, and computers;
(2) housing conditions, including level of
satisfaction with overall home repair,
adequate living space, and sufficient privacy;
(3) neighborhood conditions and
community services, such as: road conditions and the presence of abandoned
buildings; satisfactory police, fire, and
medical services; and attitudes towards
local schools;
(4) meeting basic needs,
including the ability to pay bills in full,
to avoid eviction, and to have sufficient
food; and
(5) the expectation of help,
should need arise, from friends, family,
and the community.
For this report,
extended measures of well-being are
used to describe living conditions in the
United States for the time period
1992-2003.