Study Description

Survey of Changes in Family Finances, 1964

Catalog Number: CA-008-002-USA-DPLS-1964-1

Type of File: Numeric.

Title: Survey of Changes in Family Finances, 1964 [Tape MI]. Also known as: Changes in Family Finances, 1964.

Bibliographic Citation: Survey of Changes in Family Finances, 1964 [Tape MI] [machine readable data file]. Principal Investigator, United States Federal Reserve System. Board of Governors. 1st DPLS 1974 ed. Washington, D.C.: United States Federal Reserve System. Board of Governors [producer], 1964. Madison, WI: University of Wisconsin, Data and Information Services Center [distributor], 1974. 1 data file (2164 logical records).

Originating Organization or Researcher: Board of Governors of the Federal Reserve System, Washington, D.C..

Date of Study or Data Collection: 1963.

Universe to Which Data Pertain: Consumer units (families of two or more plus unrelated individuals) of the civilian noninstitutional population the United States who were interviewed in 1963 for the Survey of Financial Characteristics of Consumers.

Number of Data Units: 2,164 respondents. Each record is 3,612 characters long.

Reference Materials: Codebook, Technical Notes and Questionnaire, and Survey of Changes in Family Finances, by Dorothy S. Projector, Board of Governors of the Federal Reserve System, (Federal Reserve Technical Papers, 1968), and Survey of Financial Characteristics of Consumers, by Dorothy S. Projector and Gertrude S. Weiss, Board of Governors of the Federal Reserve System, (Federal Reserve Technical Papers, 1966).

Publications: Cited above.

Condition of Data: As received from the Board of Governors.

Summary of Contents: The data file contains variables which measure the size and composition of consumer savings in 1963 in relation to income, net worth, and other characteristics. Variables include saving in eight major types of assets and debt (own home, automobile, business or profession, liquid assets [mainly marketable securities, investment real estate and mortgages], retirement plans, miscellaneous assets consisting largely of assets held in personal trusts, and unsecured debt). Saving in such assets as checking accounts and savings accounts is given by the difference in balances - December 31, 1964 less December 31, 1962. Savings in such assets as real estate and marketable securities is given by purchases less sales during 1963. Demographic characteristics include age of family head, residence of head, number of months head and wife worked for pay in 1963, whether head covered by Social Security, residence of wife, number of other members residing with family, employment status, housing status, size of housing unit, education of head, race of head, region of country.

Descriptors: Consumer savings, assets, debt, income, net worth, real estate, securities, demographic characteristics, Social Security, employment, Board of Governors of the Federal Reserve System.

Technical Note: This file was modified by the Federal Reserve System: I.D. numbers (the sequence number in positions 1-10 of each data record) correspond to the sequence numbers on the 1963 Survey of Financial Characteristics. There are no records on MI for 393 cases who were non respondents in 1964.

Classification: Unrestricted.