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Survey of Consumer Finances, 1989

Resource Type
Dataset : survey data
  • Kennickell, Arthur
  • Board of Governors of the Federal Reserve System
Other Title
  • Version 2 (Subtitle)
Collective Title
  • Survey of Consumer Finances Series
Publication Date
Funding Reference
  • Board of Governors of the Federal Reserve System
  • United States Department of the Treasury. Office of the Comptroller of the Currency
  • United States Department of Health and Human Services. National Institutes of Health. National Institute on Aging
  • United States Small Business Administration
  • General Accounting Office
  • United States Congress. Joint Committee on Taxation
Free Keywords
consumer attitudes; consumer protection; credit; debt; financial assets; financial institutions; household budgets; job history; loans; pension plans
  • Abstract

    The purpose of this data collection effort was to provide an accurate representation of the distribution of elements composing family balance sheets across families in the United States. To that end, the 1989 Survey of Consumer Finances was designed to gather household-level information closely comparable to that obtained in the SURVEY OF CONSUMER FINANCES, 1983 (ICPSR 9751). Detailed data were collected on the composition of household budgets, the terms of loans, and relationships with financial institutions. Information was also obtained on employment history and pension rights of the survey respondent and the spouse or partner of the respondent. In addition to recording data on the economic assets and liabilities of families, the survey examined the attitudes of consumers toward credit use and their reactions to consumer credit regulations. Demographic variables include age, sex, marital status, housing, and financial independence.
  • Table of Contents


    • DS0: Study-Level Files
    • DS1: Survey Data
    • DS2: Replicate Weights and Multiplicity Factors
Temporal Coverage
  • Time period: 1989
  • 1989-06 / 1990-05
    Collection date: 1989-06--1990-05
Geographic Coverage
  • United States
Sampled Universe
Households within the 48 contiguous United States.
To obtain a sufficiently large and unbiased sample of wealthier households, the Survey of Consumer Finances employs a two-part strategy for sampling households. Of the 3,143 households in the sample, 2,277 were selected by standard multistage area-probability sampling methods from the 48 contiguous states. The remaining 866 households in the survey were selected using tax data. This second group of households was specifically selected to oversample wealthier households. There are also weighting adjustments for survey nonrespondents and a systematic imputation of unanswered questions. In this dataset, values have been multiply imputed. The imputations are stored as complete replicates of each case. There are five copies of each survey observation.
2006-03-30 File CB9687.ALL was removed from any previous datasets and flagged as a study-level file, so that it will accompany all downloads.1997-12-12 A new weight variable (X42000), computed to be consistent with the final versions of this variable in the 1992 and 1995 Surveys of Consumer Finances, has been added to the collection. A file of replicate weights and multiplicity factors corresponding to X42000 has also been added as Part 2 of the collection, along with a PDF version of the questionnaire, replacing the hardcopy-only version. Funding insitution(s): Board of Governors of the Federal Reserve System. United States Department of the Treasury. Office of the Comptroller of the Currency. United States Department of Health and Human Services. National Institutes of Health. National Institute on Aging. United States Small Business Administration. General Accounting Office. United States Congress. Joint Committee on Taxation.
This study is freely available to ICPSR member institutions via web download.
Alternative Identifiers
  • 9687 (Type: ICPSR Study Number)
  • Is new version of
    DOI: 10.3886/ICPSR09687.v1
  • Bostic, Raphael, Gabriel, Stuart, Painter, Gary. Housing wealth, financial wealth, and consumption: New evidence from micro data. Regional Science and Urban Economics.39, (1), 79-89.2009.
    • ID: 10.1016/j.regsciurbeco.2008.06.002 (DOI)
  • Bosworth, Barry. Why Don't Americans Save?. CRR WP 2004-25, Chestnut Hill, MA: Center for Retirement Research at Boston College. 2004.
    • ID: (URL)
  • Avery, Robert B., Rendall, Michael S.. Lifetime inheritances of three generations of whites and blacks. American Journal of Sociology.107, (5), 1300-1346.2002.
    • ID: 10.1086/344840 (DOI)
  • Engen, Eric M., Gale, William G., Uccello, Cori E.. The Adequacy of Household Saving. CRR WP 2000-01, Chestnut Hill, MA: Center for Retirment Research at Boston College. 2000.
    • ID: (URL)
  • Engen, Eric M., Gale, William G., Uccello, Cori E.. The Adequacy of Household Saving. Brookings Papers on Economic Activity.(2), 65-187.1999.
    • ID: (URL)
  • Wolff, Edward N.. Recent trends in the size distribution of household wealth. Journal of Economic Perspectives.12, (3), 131-150.1998.
    • ID: 10.1257/jep.12.3.131 (DOI)
  • Yunker, James A.. Inheritance and chance as determinants of capital wealth inequality. Journal of Post Keynesian Economics.21, (2), 227-258.1998.
  • Anderson, Patricia M., Gustman, Alan L., Steinmeier, Thomas L.. Trends in Male Labor Force Participation and Retirement: Some Evidence on the Role of Pensions and Social Security in the 1970's and 1980's. NBER Working Paper Series.6208, Cambridge, MA: National Bureau of Economic Research. 1997.
    • ID: (URL)
  • Kao, Y. Emily, Hong, Gong Soog, Widdows, Richard. Bequest expectations: Evidence from the 1989 Survey of Consumer Finances. Journal of Family and Economic Issues.18, (4), 357-377.1997.
    • ID: 10.1023/A:1024943421055 (DOI)
  • Salandro, Dan, Harrison, William B.. Determinants of the demand for home equity credit lines. Journal of Consumer Affairs.31, (2), 326-345.1997.
    • ID: 10.1111/j.1745-6606.1997.tb00394.x (DOI)
  • (author unknown). Baby boomers in retirement: An early perspective. Washington, DC: Congress of the United States, Congressional Budget Office. 1993.
  • Congressional Budget Office. Baby Boomers in Retirement: An Early Perspective. Washington, DC: Congressional Budget Office. 1993.
  • Kennickell, Arthur, Shack-Marquez, Janice. Changes in Family Finances from 1983 to 1989: Evidence from the Survey of Consumer Finances. Federal Reserve Bulletin.78, (1), 1-18.1992.
  • Canner, G.B., Luckett, C.A.. Payment of household debts. Federal Reserve Bulletin.77, 218-229.1991.

Update Metadata: 2015-08-05 | Issue Number: 6 | Registration Date: 2015-06-15

Kennickell, Arthur; Board of Governors of the Federal Reserve System (1993): Survey of Consumer Finances, 1989. Version 2. Survey of Consumer Finances Series. Version: v2. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset.