Survey of Consumer Finances, 1960 (ICPSR 7440)

Version Date: Jan 10, 2014

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Principal Investigator(s):
University of Michigan. Survey Research Center. Economic Behavior Program

Series:

https://doi.org/10.3886/ICPSR07440.v2

Version V2

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Summary

This data collection is one in a series of surveys of consumer finances conducted annually between 1946 and 1971. In a nationally representative sample, the head of each spending unit (usually the husband, the main earner, or the owner of the home) was interviewed. The basic unit of reference in the study was the spending unit, but some family data are also available. The questions in the 1960 survey covered the respondent's attitudes toward national economic conditions and price activity, as well as the respondent's own financial situation. Other questions examined the spending unit head's occupation, and the nature and amount of the spending unit's income, debts, liquid assets, changes in liquid assets, savings, investment preferences, and actual and expected purchases of cars and other major durables. In addition, the survey explored in detail the subject of housing, e.g., previous and present home ownership, value of respondent's dwelling, and mortgage information. Demographic variables include number of people in the spending unit, age, sex, and education of the head, and the race and sex of the respondent.

Citation

University of Michigan. Survey Research Center.  Economic Behavior Program. Survey of Consumer Finances, 1960. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2014-01-10. https://doi.org/10.3886/ICPSR07440.v2

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Funding

Ford Foundation, National Science Foundation, Ford Motor Company, General Motors Corporation

Subject Terms

Geographic Coverage

Smallest Geographic Unit

None.

Distributor(s)

Inter-university Consortium for Political and Social Research
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Time Period(s)

1960

Date of Collection

1960-01 -- 1960-03
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Sample

National cross-section of spending units representative of the total population of the United States. The number of spending units interviewed in 1960 was 2,972, in approximately 2,760 family units.

Time Method

Longitudinal: Trend / Repeated Cross-section

Universe

Spending units in the United States.

Unit(s) of Observation

spending unit (an individual living alone or a family living together and pooling incomes to meet expenses).

Data Type(s)

Mode of Data Collection

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Original Release Date

1984-07-02

Version History

2018-02-15 The citation of this study may have changed due to the new version control system that has been implemented. The previous citation was:
  • University of Michigan. Survey Research Center. Economic Behavior Program. Survey of Consumer Finances, 1960. ICPSR07440-v2. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2014-01-10. http://doi.org/10.3886/ICPSR07440.v2

2014-01-10 The SPSS and SAS setups were updated by adding values and value labels to the variables documentation. Stata setup files, as well as SPSS and Stata system files, a SAS transport (CPORT) file, an R data file, and a tab-delimited file have been added to the collection. The codebook was updated.

1984-07-02 ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major statistical software formats as well as standard codebooks to accompany the data. In addition to these procedures, ICPSR performed the following processing steps for this data collection:

  • Performed consistency checks.
  • Created variable labels and/or value labels.
  • Standardized missing values.
  • Checked for undocumented or out-of-range codes.
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Weight

No weight variables are included in this dataset.

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Notes