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Survey of Consumer Finances, 1989 (ICPSR 9687)

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


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.

Series: Survey of Consumer Finances Series

Access Notes

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DS0:  Study-Level Files
DS1:  Survey Data - Download All Files (217.217 MB) large file
ASCII + SAS Setup   
DS2:  Replicate Weights and Multiplicity Factors - Download All Files (98.964 MB)
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Study Description


Kennickell, Arthur, and Board of Governors of the Federal Reserve System. Survey of Consumer Finances, 1989. ICPSR09687-v2. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2006-03-30.

Persistent URL:

Export Citation:

  • RIS (generic format for RefWorks, EndNote, etc.)
  • EndNote XML (EndNote X4.0.1 or higher)


This study was funded by:

  • 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

Scope of Study

Subject Terms:    consumer attitudes, consumer protection, credit, debt, financial assets, financial institutions, household budgets, job history, loans, pension plans

Geographic Coverage:    United States

Time Period:   

  • 1989

Date of Collection:   

  • 1989-06--1990-05

Universe:    Households within the 48 contiguous United States.

Data Type(s):    survey data


Sample:    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.

Data Source:

personal interviews and telephone interviews


Original ICPSR Release:   1993-05-13

Version History:

  • 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.

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