Survey of Consumer Finances, 1989 (ICPSR 9687)

Published: Mar 30, 2006

Principal Investigator(s):
Arthur Kennickell; Board of Governors of the Federal Reserve System


Version V2

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.

Kennickell, Arthur, and Board of Governors of the Federal Reserve System. Survey of Consumer Finances, 1989. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2006-03-30.

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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


1989-06 -- 1990-05

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.

Households within the 48 contiguous United States.

personal interviews and telephone interviews

survey data



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.


  • Data in this collection are available only to users at ICPSR member institutions.

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