Principal Investigator(s): University of Michigan. Survey Research Center. Economic Behavior Program
This data collection is one in a series of financial surveys of consumers conducted annually since 1946. 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 1961 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. The survey also gathered detailed information on jobs and job histories. Personal data include number of people in the spending unit, age, sex, and education of the head, and the race and sex of the respondent.
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University of Michigan. Survey Research Center. Economic Behavior Program. Survey of Consumer Finances, 1961. ICPSR07441-v2. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2002. doi:10.3886/ICPSR07441.v2
Persistent URL: http://doi.org/10.3886/ICPSR07441.v2
This study was funded by:
- National Science Foundation
- Ford Motor Company
- General Motors Corporation
- Ford Foundation
Scope of Study
Subject Terms: automobile ownership, business conditions, consumer attitudes, consumer behavior, consumer expectations, consumer expenditures, debt, disposable income, durable goods, economic conditions, families, financial assets, financial balances, home ownership, household budgets, household composition, household expenditures, household income, housing, income distribution, job history, mortgages, national economy, occupations, personal debt, personal finances, prices, savings
Geographic Coverage: United States
Date of Collection:
Universe: The population of the United States.
Data Types: survey data
Data Collection Notes:
The codebook and data collection instrument are provided by ICPSR as Portable Document Format (PDF) files. The PDF file format was developed by Adobe Systems Incorporated and can be accessed using PDF reader software, such as the Adobe Acrobat Reader. Information on how to obtain a copy of the Acrobat Reader is provided on the ICPSR Web site.
Sample: The sample was made up of a national cross-section of spending units.
Extent of Processing: 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.
- Standardized missing values.
Original ICPSR Release: 1984-07-02
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