1983 survey of consumer finances - federal reserve · b6. do you (or anyone in your family living...

!/^r 0% ~~7100-01~2 Expires July 31, 19:: Project 25 ($662Z-'I

1

SURVEY RESEARCH CENTER INSTITUTE FOR SOCIAL RESEARCH THE UNIVERSITY OF MICHIGAN 1. Interviewer's Label ANN ARBOR, MICHIGAN 48108

2. Primary Area

3. Your Iw No.

4. Date

5. Length of Iw (I'<".!?__ .-.,r.-.-

6. Length of Edit ():inzt&s

1983 SURVEY OF CONSUMER FINANCES

ISTERVIEWER: THE FOLLOWXG MlJST BE READ TO EACH RESPOSDEST

This interview is completely voluntary. If we come to any questicn you don't want to answer, just let me know and we will go on to the next question.

Many questions deal with factual information and accuracy is important. Take whatever time you need to think about the questions and feel free to (confer with your [husband/wife] and to) check any records vou might have.

DO NOT WRITE BELOW THIS LIKE

REVIEWED BY: u

SUPERVISOR

u FIELD L-l CODIKG

SECTIOS A: ATTITUDES TOWARD CREDIT

AC. EUCT TIYE h’OK:

Al. Let’s begin by talking about how you feel about credit in general. DC think it is a good idea or a bad idea for people to buy things on the installment plan?

y 2 ‘3

Ala. h’hy do you say that ?

A2. People have many different reasons for borrowing mcney which they pay back ~‘-:tr a period of time. For each of the reasons I read, please tell me whether yc- feel it is all right for someone like yourself to borrow money...

YES so

a.

b.

C.

d.

e.

f.

g-

h.

j.

to cover the expenses of a vacation trip?

to cover living expenses when income is cut?

to consolidate bills which have piled up?

to finance the purchase of a fur coat or jewelry?

to finance boats, snowmobiles and other hobby equipment?

to finance the purchase of a car?

to cover expenses due to illness?

to finance educational expenses?

to finance the purchase of furniture?

(1) (5)

EH

2 A3. (CARD A) Now thinking about how to choose an automobile loan, which

of the credit terms listed on this card would be most important to you (or your husband/or your wife) If you were going to use credit to purchase a car? Which comes next?’ Which is third?

A.

B.

C.

D.

E.

F.

G.

H.

SIZE OF LOAN A.

DOLLAR AMOUNT OF INTEREST OR FINANCE CHARGE B.

SIZE OF THE MONTHLY PAYMENTS C.

ANNUAL PERCENTAGE RATE OF INTEREST D.

CHARGE FOR LATE PAYMENT

REBATE FOR EARLY PAYOFF OF

SECURITY OR COLLATERAL FOR

SIZE OF THE DOWN PAYMENT

E.

LOAN F.

LOAN G.

H.

(1 = MOST IMPORMST)

A4. Suppose you were buying a room of furniture for a list price of 51,000 and ycu were to repay the amount to the dealer in 12 monthly installments. How much do you think it would cost, in total, for the furniture after one year--including all finance and carrying charges?

5 TOTAL COST (9998.1

+ A&a. Well, just give me your best esticat?.

AS. About what percent rate of interest per year do you think this would be?

PERCENT TURN TO P. 3, A6

s 9998. DOS ‘T KS”:; /

98. DON'T KNOW 1

ASa. Well, just give me your best estimate.

PERCENT 98. DON'T KV.3’

A6. In the past few years, has a particular lender or creditcr turned down ar.)- request you (or your husband/wife) made for credit or have you been unable to get as much credit as you applied for?

1. YES, TVRXED DOVK 3. YES, UNABLE

TURX TO P. 4, A7

A6a. On the most recent occasion, what reasons were you (or your husband: wife) given for being turned down or unable to get as much credit as you applied for?

A6b. After you were turned down, or unable to get as much credit as you applied for, did you (or your husband/wife) reapply for credit at the same or another lender or creditor?

jl- p+LTRK TOP. 4, A7

A6C. Were you finally able to get all the credit you (~-r y,-ur husbark wife) first applied for?

4

A7. Was there any time in the past few years that you (or your husband/wife) thought of applying for credit at a particular place, but changed your mind because you thought you might be turned down?

I 5. NO I---* TURN TO p. 5, SECTIO:: B

A7a. On the most recent occasion, why did you (or your husband/wife) think you might be turned down? (Any other reasons?)

A7b. (CARD X) With what type of lender was this--a commercial bank, a savings and loan association or savings bank, a credit mien, a finance company, a store or dealer, or what?

O1 COMMERCIAL II

O2 SAVINGS & LOAN; II

O3 CREDIT O4 FINANCE OR ’ BAN’K ’ SAVINGS BANK l UNION II l LOAN COMPANY

I STORE OR 05* DEALER II

S7 OTHER (SPECIFY): . 1 ‘I I

A7c. Where did you (or your husbandtife) get the information that made you think you might be turned down?

SECTIOS B: CREDIT CARDS 5

Bl.

B2.

B3.

Bb.

B2a.

B2b.

B2c.

B2d.

B2e.

B2f.

Do you (cr anyone in your family living here) have any credit cards?

11. YES 1 ] 5. NO i& TURN TO P. 6, B4

J- How many kinds of gasoline credit card accounts do you (and members of your family living here) have? Please do not count multiple cards issued for the same acczur.t or any business or company accounts. (RECORD IN B2 BELOF AND ASK B3 AND B4 FOR EACH TYPE BEFORE CONTIXTUING TO NEXT TYPE).

In general, about how often do you (and your f amily living here) use (TSPE) card(s)--do you use them often, sometimes, hardly ever, or never? (RECORD IT B3 ;.::I ASK BL--IF "NEVER" GO TO THE NEXT CREDIT CARD TYPE.)

After the last payment was made, what was the balance still owed on (all) (TYPE) card(s)? (RECORD IN B4--GO TO NEXT CREDIT CARD TYPE.)

GASOLINE CREDIT CARD ACCOUSiS

How many bank credit card accounts like Mastercard or Visa do you (and your family living here) have?

(How about) general purpose credit card accounts like American Express, Diners Club, or Carte Blanche?

Store card accounts for Sears, Penneys, or Wards?

Any other store credit card accounts?

Any other card accounts like airline or car rental cards?

B2 B3 B_

1 1. OFTEN ! ii ACCOUSTS 2. SO?:ETI?IES ( s

1 3. HARDLY EVER 1 B.:.‘Li:: i 5

1 5. SEVER j

1 1. OFTEN 1

!i ACCOUNTS 1 2. SOMEfI?fES ( s 1 3. HARDLY EVER 1 E.ii.i:iIS

:! ACCOUNTS BXLA:;CE

% ACCOUNTS 1 2. SOMETIMES] s

Io.NOh'E 1 3. HARDLY EVER 1 BALASCE

[ 5. NEVER 1

ri7Eq

11 ACCOUNTS 12. SOMETIMES 1 S 1 3. HARDLY EVER] BXLXSCE

( 5. NEVER 1 I

-1 11 ACCOUNTS [ 2. SO?iETMES 1 s

(-J j ;: HARDLY, EVER 1 BALANCE

NEVER

6 B5. ISTERVIEWER CHECKPOINT

1. R HAS BASK OR STORE CREDIT CARDS (CHECKED IN B2b OR B2d OR B2e)

cl 2. R HAS NO BANK OR STORE CREDIT CARDS F GO TO B6

w

B5a. When you use bank cards or store cards, do you almost always pay the tctzl amount due each month to avoid a finance charge, do you sometimes do this, or do you hardly ever pay it in full and have to pay a finance charge?

B5b. When the bill is not paid in full, what is the annual percentage rate Df interest that is charged on the bank or store card that is used most often?

PERCEFT I 98. DOS'T KSOG:

I I

B6. Do you (or anyone in your family living here) have any lines of credit you could draw on to borrow money--such as a line of credit on a checking account or lines of credit at finance companies, credit unions, or at a brokerage company?

15. NO+ TURK TO P. 7, SECTIOS C

B6a. How much is currently owed in total against these lines of credit?

S TOTAL OWED

B6b. Are these lines of credit at a commercial bank, a savings and loan asssciE:::r or a savings bank, a credit union, a finance or loan company, a brokerage company, or what? (CHECK ALL THAT APPLY.)

~l~\pg--J~I

E. BROKER

/

OTHER (SPECIFY): 06

g7 .

B6c. Do any of these lines of credit use your (family's) home as collateral?

i

SECTIOS C: HOUSISG 7

Cl.

c2.

How long have ycu lived here in (COUIXY &AXE) county?

YEARS OR 0 SINCE:

Do you (and your family living here) own this (house/apartment/mobile home), pay rent, or what?

OWK OR IS 1. BUYIBG;

LAND COXTRACT 1 il 1 5. NEITHER OX'ZS NOR RESTS 1

I I

TURS TO P. 8, C5

c3. How is that?

I I

I I I I

TURK TO P. 12, Cl8

c4. About how much rent do you pay a month?

S REST PER MOKTH 0 OR $ PER

C4a. Does that include utilities?

1 1a fNN;;;s 1 / 5. LWI;;;I"CLUD' / /I

C4b. Do you rent it furnished or unfurnished?

II.1 [5.1 13. PARTIALLY FURNISHED ]

8

IF R LIVES IN MULTIPLE HL! STRUCERE, TRY TO GET VALVE FOR R'S ' HC. IF R CAN O&L!' GIVE YOU VALUE OF EXTIRE STRUCTL'RE, BE SCRE TO NOTE MAT FIGURE IS FOR WHOLE STRCCTURE Ah?) INDICATE ~~?~ER

/ i

OF HUs IK Eh'TIRE STRL'CTDRE. I

CS. Could you tell me what is the present value of this (house and 1otfapartr.z: mobile home)? I mean, about what would it bring if it were sold today?

s

C6.

c7.

C5a. cl

CHECK IF VALUE FIGURE IS FOR XLTIPLE HE STRUCTURE

# HUs IN STRL'CERE

In what month and year was the (house/apartment/mobile

MOXTH I SEAR

home) purchase21

How much did the (house/apartment/mobile home) cost when it was purchased, excluding closing costs?

S

Cia. cl CHECK IF COST FIGURE IS FOR MELTIPLE HL' SIRECTCRE

I B HUs IN STRUCn'RE I

C8. Do you now have a mortgage or land contract on this (house and lot/apartz.ztl mobile home)?

C8a. Was this mortgage assumed from the previous owner?

C8b. Is this an F'HA or VA mortgage, or is it guaranteed under another federal government program?

1 , 1 I& $dTo

28C. Why d?d YOU choose a @HA/VA/TYPE) mortgage instead of a conventional mortgage?

C8d. Do you also have a second mortgage?

GO- TO C8f

C8e. Was this second mortage assumed from the previous owner?

C8f. Do you owe money on any other loans for the purchase of this (house and lot/apartment/mobile home) such as loans from the seller or contractor or loans from employers or relatives?

tag. Do you owe money on any 1zar.s I for the purchase of this ! (house and lot/apartment/mcbil< 1 home) such as loans frcn the seller or contractor or Icans from employers or relatives?

(1.1 (j.1

n'Rs TO TURS TC' P. 10, c9, P.12 , c:s COLL??!S B

TURN TO P. 10, C9, COLU?lh A

10

c9.

ClO.

Cll.

c12.

c13.

c14.

c15.

About the (first mortgage/second mortagel land contract/loan)... in what month and year was It obtained or last refinanced?

How much was borrowed or financed, not including the finance charges?

How much are the payments and how cften are they due?

Clla.

Cllb.

How much money is still owed on this loan?

In what month and year do you expect this loan to be repaid?

How many years or number of payments were agreed upon when the loan was received?

Do the payments include taxes or insurance?

Will the regular payments repay the loan completely, or will there be a balance payable when the loan is due?

Cl&a. %hat will the balance be?

What is the current annual percentage rate of interest or finance charge on the loan?

COLLMS A

1st MORTGAGE OR LAND CONTRACT

MONTH/YEAR

s’ PER

GO TO Cl2

MONTH/YEAR

GO TO Cl5

:! YEARS

0 OR I! PAYMENTS

/ GO TO Cl5

1 5. BALANCE LEFT 1 V

PERCENT -_

COLL?Is B

HOCSING LOAN it2

MONTH/YEAR

PER GO TO Cl2

MONTH/YEAR

GO TO Cl5

i YEARS

0 OR t PAYMENTS

-1 GO TO Cl5

PERCENT

COLL-?"< c . .

HOVSING LO% ::3

MOSTli/TE_U

S

PER GO TO Cl2 I

GO TO Cl5

P PA\?!ESi~

p7EJ GO TO Cl5

PERCESi

C16.

c17.

Was the loan from a commercial bank, a savings and loan association or savings bank, a credit union, a finance or loan company the previous owner, a contractor or developer an employer, or a mortgage company?

Does this mortgage have r.n interest rate that can rise or fall from time to time?

COLL?lX A 1st ?IORTGAGE OR L&n CONTRACT

C17a.

C17b.

c17c.

C17d.

Does the interest rate depend on some other interest rate or have you already a- greed to pay a different rate ix the future?

On what other interest rate does it depend?

How often can your mortgage interest rate change?

When the interesl rate changes wil: the size of your monthly payments change at the sax time?

)1.1 -1

13. CREDIT UNION 1

18. MORTGAGE CO. 1

15. MPLOYER 1

LO. PRIOR OWNER

--

C9 OR TURN TO P. 12,Cl

TO ‘C

_ DEPENDS ON SOME ~ ” OTHER INTEREST

RATE

PER

-- 1. YES 1 15. NO 1

--

GO BACK TO C9 OR TURN TO P. 12, Cl8

COLL?lX B

HOCSING LOAS fi1

108. MORTGAGE CO. 1

115. EMPLOYER1

LO. PRIOR OWNER 1

97. OTHER (SPECIFY)'

I og CONTRACTOR.; ’ DEVELOPER

108. MORTGAGE CO. ]

115. MPLOYER ]

10. PRIOR O:\'SE?

97. OTHER (S?ECI;‘?

GO BACK TO C9 OR TURN TO P. 12, Cl8

TlXN TO P. 12, Cl8

12 C18.

c19.

Have you (or anyone in your family . .

living here) ever sold real estate for wnlch

you loaned money to the buyer or accepted a note or land contract from the buyer? We do not want to include any property owned by a business which you own or have an interest in.

11. YESI

\1 Does the buyer still owe you money on any of these notes or land contracts?

1. YES I age.

C19b.

c19c.

C19d.

c19e.

C19f.

Is -this a note or land contract?

How much is still owed on this note?

How much are the payments to you and how often are they due?

How much more will the buyerse to pay to complete the purchase of the property?

How many years or number of payments were agreed upon vhen the loan was made?


TVRS TO P. 14, C20

15. NO/--+ TURN TO P. 14 C20

PROPERTY' I1 PROPERTY 82

1 2- K&ACT1 GO TO C19c

i L'HRN TO P.13, Cl91

PER GO TO C19e

NO REGL'LAR

i TURN TO P. 13

Cl91

# YEARS

Q 0

# PAYMENTS

MONTH/YEAR

T I

i lVRN TO P.l3,C19i

S

PER GO TO C19e

NO REGLX.4R; PAYMENT !

S TURN TO P. 13

C19i

# YEARS _

C OF

S PAYMENTS

MONTH/YEAR

C

PER GO ,<, C-"t

B PAY?!EXS

MONTH/SEAR

C19g. Will the regular payments repay the loan completely, or will there be a balance payable to you when the loan is due?

C19h. What will the balance be?

C19i. Do you (or your family) still owe any money on loans for this property?

C19j. Row much is still owed?

C19k. Are you (or your family) owed money on any o= notes or land contracts?

PROPERTY #l PROPERTY !!2 PROPERT ':3

Tz-kij GO TO C19i

1 ._. YES iI 5. KO 1

GO BACK TURK TO TO C19a P.l4,C20

GO TO C19i

;O BACK TCRS TO r0 C19a P.l4,C20

i 1. YiETELY j GO TO Cl91

S

I-i/5. soI T

I TURN TO P. 14, C2(

S

rURN TO P. 14,C2(

13 -I

!

I

14 c20.

c21.

c22.

C23.

C23a.

C23b.

C23c.

C23d.

C23e.

Do you (or anyone in your family living here) own any (other) real estate such as a lot, vacation home, apartment building, or commercial property, or are you purchasing any properties using a land contract? We do not want to include any property owned by a business which you own or have an interest in.

1. YES 7 What type of property is this? (Are any other properties owned?)

Is.#ol~ TIJRS TO P. 16, SECTIOS D

How much is this property worth?

Do you (or anyone in your family living here) owe money on any loans for the purchase of this property?

In what month and year was the loan taken out?

How much was borrowed or financed, not including the finance charges?

How much are the payments and how often are they due?

How much is still owed on the loan?

: In what month and year do you expect this loan to be repaid?

c24 . Do the payments include taxes or insurance?

PROPERTY 111

$

/;. G/O C21 OR TUR TO P. 16, SECTION D

MONTH/YEAR

PER GO TO C24

MONTH/YWR

TURN TO P. 15,C27

PROPERTY it2

GO BACK TO C21 OR TUIU

SECTION D

MOSTH/YEAR

$

PER GO TO C24

MONiH/SEAR

TURN TO P. 15, C27

Ii I

-

PROPERTY ::3

TL-RS TO

SECTIOS K

?IONTH;TEAP. .

c

PER GO TO C2i

I NO REGTL.\R !

MONTH!TE.U? TURS TO P. 15, C2;

pq (5.,

c25.

C26.

C26a.

c27.

C28

How many years or number of payments were agreed upon when the loan was received?

Will the regular payments repay the loan completely or will there be a balance payable when the loan is due?

Wnat will tne balance be?

What is the annual percentage rate of interest or finance charge on this loan?

Was the loan originally from a commercial bank, a savings and loan association or savings bank, a credit union, a finance or loan company the previous owner, a contractcr or developer an employer, or a mortgage company?

PROPERTY #l

II YEARS 0 OR

# PAYMENTS

( '* FZ%ETELY ] GO TO C27

PERCENT

03. CREDIT IXIOS

b8. MORTGAGE CO. ]

15. MPLOYER i

10. PRIOR OWSER

PROPERI?' /!2

I YEARS

0 OR # PAYYEKTS

-1 GO TO C27

PERCEKT

103. CREDIT UKIOS 1

b8. NORTGAGE CO. (

10. PRIOR OhyER

PER:E:;T ’

CREDIT LX?O:; I i

GO BACK TO C21 OR TURN TO P. 16, SECTION D

GO BACK TO C21 OR TURN TO P. 16, SECTION D

TL’RS TO P. 16, SECTIOS D

16

Dl.

D2.

D3.

D4.

D5.

D6.

SECTION D: ADDITIOSS AND REPAIRS

Do you (or anyone in your family living here) currently owe any mcney on loans for improvements on this (house and lot/apartment/mobile home) for things like repairs, additions, landscaping, or major painting and decorating projects. excluding money owed on mortgages, credit cards, and lines of credit already menticnct:

What was done? (Do you have any other loans for additions and repairs, or projects?)

How much did the (PROJECT) cost?

S S S

In what month and year was the loan received for (PROJECT I? MONTH/YEAR MONTH/YEAR ?lOSX/YE.iR

How much was borrowed or financed, not including the finance charges?

S S I s

I 1. YES 1

How much are the payments and how often are they due?

D6a.

D6b.

D6c.

How much is still owed on the loan for this project?

What is the annual 'percentage rate of interest or financ charge on this loan?


15. NO/-* TURS TO P. 19, SECTIOS E

PROJECT Cl PROJECT if2 PROJECT =3

$ S S

PER PER PER TURN TO TURN TO Tl_XS TO P. 17, Di P. 17, D7 P. li, D7

I NO REGULAR PAYMEST ;;$E=~R 1 r _ * * * L

S S S

PERCENT PERCENT PERCEST

MO3TH /YEAR MONTH!YEAR MOSTH/YEXR

TURN TO P. 17, 08 TL'RS TO P. 17, D8 TURN TO P. 17, D8

D7 . How many years or number of payments were agreed upon when the loan was received?

D8. Are the payments being made to a commercial bank, savings and loan association or savings bank, a credit union, a finance or loan

a

company, a store, dealer, contractor, developer, or what?

D9. Were the papers filled out and the contract for this loan signed at a commercial bank, a savings and loan association or savings bank, a credit union, a finance or loan company, a store or dealer, at a contractor, or what?

PROJECT tl

I YEARS -_ 0 OR

i: PAYMEXTS

_ol COEXERCIAL ’ BANK

_02 SAVINGS & LOAN; ’ SAVINGS BANK

-103. CREDIT UNION j

o4 FINANCE OR ’ LOAN COMPANY

GO BACK TO D2

P. 19, SEC. E

03. CREDIT UNION

05. STORE OR DEALER/

GO BACK TO D2 OR TURN TO P. 19, SECTION E

PROJECT 82

#YEARS

0 OR

# PAY?-lENTS

03. CREDIT UNION

P. 19, SEC. E

-1 (03. CREDIT UNION i

(04.1 05. STORE OR DEALEd

GO BACK TO D2 OR TURK TO P. 19, SECTION E

PROJECT if3

#YEARS

0 OR /! PAY?lEKTS

,2 SAVINGS & LOW; * SAVINGS BANK ;

33 . CREDIT USIOY ’ I

103. CREDIT UNIOK 1

05. STORE OR DEALERj

TURN TO P. 19, SECTION E

18

THIS IS A BLANK PAGE

19

SECTIOh' E: VEHICLES

El. Do you (or anyone in your family living here) own a car, or any kind of truck, van, motorhome, or jeep-type vehicle, not including any leased vehicles or vehicles owned by a business?

TUW TO P. 22, SECTIOS F

E2. Altogether, how many cars or other vehicles do you (and your family living here) own?

(1. OKE] 12. Th'O[ 13. THREE] 14. FOUR] 15. FIVEOR?IOREI

20 About the newest vehicle...

E3.

E4.

ES.

E6.

Ei.

E8.

E9.

ElO.

What type of vehicle is it--(a car, van, pickup, motorhome, or what)?

What make and model is it? (2-WORD ANSWER: MUE AND MODEL)

What year is it?

In what month and year was it purchased?

How much did the vehicle cost?

Is any money owed on a loan for this (MAKE/MODEL)?

How much was borrowed or financed, not including the finance charges?


ElOa. How much is still owed on the loar for this vehicle?

ElOb. In what month and year do you expect this loan CO be repaid?

VEHICLE #l VEHICLE :!2

1.1

[2;vAy

[3.]

4. MOTORHOME

1.1

-

i

I I I

2. VAN 1

3.pIchz’p

4. MOTORHOME j

7. OTHER (SPECIFY)

MAKE/MODEL MAKE/MODEL

YEAR YEAR

MONTH/SEAR MONTH/YEAR

GO BACK TO E3 GO BACK TO E3 OR TURN TO

s S

S

PER TURN TO P. 21

El1

PER TURN TO P. 21

El1

S S

MONTH/YEAR MONTH/YEAR

I 1. CARi

I 2. VA!< I

3. PIcs:? i

4. ?lOTOiui~‘:~:f

TEXR

Il. TES ]

PER TCRS TO F. ‘1

MOIiTH/TEti

ElOc. I*hat is the annual per centage rate of interest or finance charge on this loan?

Ell. How many years or number of payments were agreed upon when the loan was received?

El?. Are the payments being made to a commercial bank, a savings and loan association or savings bank, a credit union, the dealer, an automobile finance company such as GXAC or Ford Motor or Chrys ler Credit, some other finance or loan company. or what?

E13. IJhere were tlie papers filled out and.the contract signed--was it at (CREDITOR AT El2 or at the dealer?

VEHICLE It1

PERCENT GO TO‘E12

# YEARS

0 OR

# PAmENTS

-1 3. CREDIT IXIOS 1

+5. DEALER)

AUTONOBILE '. FINANCE CO. I

97. OTHER (SPECIFY)

GO BACK TO E3 * OR TURN TO P.22

SECTION F

)3. CREDIT UKIOS

)5.1

)7. OTHER (SPECIFY)

;O BACK TO E3 OR TURN TO P. 22, SECTION F

VEHICLE t2

PERCEST GO TO El2

II YEARS

C OF

I PAY?IEXTS

o2 SAVINGS & LOA!i; * SAVINGS BASK

03. CREDIT UNIOK 1

II GO BACK TO E3 OR TURN TO P.;

I SECTION F

GO BACK TO E3 OR TURN TO P. 22, SECTION F

21 VEHICLE 2~3'

PERCEST i GO TO El2 I

# YEARS _ ’

b3. CREDIT r-SIGS i

405. DEALER 1

11 AiiTO"@B;LE ’ ’ FISXSCE CC'.

97. OTHER (SPECIFY)

'TURSTOP. 22 + SECTIOS F ,

03. CREDIT USIOT 1

TURS TO P. 22, SECTIOK F

,

22 SECTION F: HOUSEHOLD DURABLES AND OTHER DEBT

Fl. Excluding credit cards and loans we have already talked about, do you (or anyone in your family living here) owe money for any (other) loans on which regular payments are required-- such as loans or credit for purchases of large things for the home, such as furniture, a refrigerator, stove, washing machine, television set, air conditioner, other household appliances, and so on?

Fla. LARGE THINGS FOR THE HOME? 11.1 ]=I

Flb. Do you (or anyone in your family living here) have any (other) loans for recreation and hobby items, such as camping equipment, a vacation trailer, stereo or photo- -1 15.1 graphic equipment, a musical instrument, home computer, power tools, a boat, or sports equipment?

Flc. Do you (or anyone in your family living here) have loans or credit for anything else on which regular payments are required, including travel or medical expenses, or [1.[ i5.j

personal borrowing for investments?

F2. ISTERVIEKZR CHECKPOINT

1. R OR FAMILY HAS ANY LOANS IN Fla-Flc ABOVE

cl 2. NO LOANS WITH REGLXAR PAYMENTS + TURN TO P. 20, FlO

F3.

Fk.

F5.

F6.

F7.

What (was this loan/ were these loans) used for? (Anything else on which regular payments are required?)

In what month and year was this loan for (USE AT F3) obtained?

How much vas borrowed or financed, not including the finance charges?


How many years or number of payments were agreed upon when the loan was received

DEBT #I DEBT Ir2 DEBT *3

I

MONTH/YEAR MONTH/YEAR MONTH!PE.4R

s S S

S I S I S

PER PER PER

#YEARS 0

I YEARS SEARS # OR 0 OR C 3E

# PAYMEWTS # PAYMEhTS # PA\?!EXij I

23

F8. Are the payments made to a commercial bank, a savings and loan association or savings bank, a credit union, a finance or loan company, the store or dealer, (a doctor or hospital), or what?

F9. Were the papers filled out and the contract for this loan signed at a commercial bank, savings and loan association or savings bank, credit union, finance or loan company, a store or dealer, (at the doctor or hospital) or what?

DEBT 111

03. CREDIT UNION

I 97. OTHER: I

,GO BACK TO F3 OR TURN TO P.24,FlO

'3. CREDIT UNION

15. STORE OR DEALER)

/:. OTHER: 1

I I GO BACK TO F3 OR TURN TO P. 24, FlO

DEBT iI2

'-1

-1

103. CREDIT UNION 1

197.

,GO BACK TO F3 OR TURK TO P.24, FlO

103. CREDIT UNIOK 1

p5. STORE OR DEALERj

j12.1

(GO BACK TO F3 OR TURK TO P. 24, FL0

DEBT 113

,

o2 SAVINGS b LOAX;/ ’ SAVIKGS BAKK :

'03. CREDIT UKIOS -

/04 FIKANCE OR 1 , * LOAK COMPAhY :

,-V-; I

I

I 1 TURK TO P. 24, FlO

(03. CREDIT UKIOS 1

I

97. OTHER:

I

TURN TO P. 24, FlO

24 110.

Fll.

F12.

Fl3.

Flh.

FU.

F16.

F17.

Do you (or anyone In your family living here) owe any money on (other) loans which do not require regular paments, for Instance, loans on a life insurance policy, or debts to some other person or bank, or employer, a student loan, or a margin account vith a broker?

1. YES “i 15.k TURN TO P. 25, Fl8

What vas the money used for? (Any other loans. on which regular payments are not required?)

In what month and year was the loan for (USE AT*Fll) obtained?

Hov much was borrower or financed, not including the financt charges?

How much is still oved on this loan?


What Is the annual percentage rate of interest or finance charge on the loan?

Is the money owed to a commercial bank, a savings and loan association or savings bank, to an Insurance company, an employer, a broker, a friend, relative, or what?

TRANSACTION tl

MONTH/YEAR

MONTH/YEAR

[oo.]

PERCENT

jlEziGK1 [15. PiPLOYER 1

6. FRIEND,RELATIVE

GO BACK TO Fll OR TURN TO P. 25, F18

TIUNSACTION #2

MONTH/YEAR

S

MOKTH/YEAR

PERCENT

SAVINGS L LOAN; l SAVINGS BAhX

(06.1

115. MPLOYER ]

f6. FRIEND,RELATIVE j

p7. OTHER (SPECIE)1

TRANSACiI@S 1r3

MOSTH,'TE.iR

S

MOSTH/YEAR

00. NECER i

PERCEtiT

bjii (07. ;&;sCE 1

/i%zcEq

(15. EMPLOYER]

16. FRIEND.RELATIVE

/97.

TURN TO P.25, F18 GO BACK TO Fll OR TURN TO P. 25, F18

25

Fl8. IKTERVIEKER CHECKPOWT I

IQ 1. R H_4S Ah?' TYPE OF DEBT--?lORTGAGE, ADDITIOSS A&'D RE?XIRS, VEHICLES. HOCSEHOLD ITEMS, RECREATIOh', TRAVEL, OR MEDIC.4.L DEBT

I I cl 2. R HAS NO DEBT -n'R?u TO P. 26, SECTIOK G

F19. Now thinking of all the various types of debts, were all the payments made the way they were scheduled during the last year, or were payments on any of the loans sometimes made later or missed?

26 SECTION G: CREDIT SHOPPING

Gl. In the past year, have you (or your husband/wife) purchased a vehicle, a large item for the home, a recreation item, or home improvements, that cost $500 or more? This could include any purchases that have already been mentioned.

1. YES

7

/,.,,I_~ TURN TO P. 31, SECTION H

G2. What was the most recent purchase over $500?

G3. In what month and year was this purchase made?

MONTH / YEAR

G4. What was the purchase price?

$

27 G5. Was it bought using cash, a credit card or charge account, a loan, a line of

credit, or what?

P. 28, G6 1 I

TL'RR TO P. 30, G12

G5a. When (you/your family) received the credit card or charge account bill for this purchase, was the balance paid in full before incurring a finance charge?

~jp~l~

I * ,

t G5b. (Do you/Does your family) intend to pay the balance in full

before incurring a finance charge?

1. YES 5. NO I I

TURS TO P. 30, G12

Gjc. Did the cash come from a loan, a line of credit, from savings or investments, or what?

OTHER (SPECIFY):

pq / 3. ;;fg;;s 7.

TURK TO P. 28, G6 I

TLRX TO P. 30, G12

28 G6. Is any money still owed on this loan or has it been paid off?

C6a. What was the original amount borrowed or financed, not including the finance charges?

G6b. How much were the payments and how often were they due?

S PER NO REGCLAR PAYME:;

~~.

G6e. k'as the loan fron a commercial bank, a savings and loan association ;r z savings bank, a credit union, a finance or loan company, a store or dealer, an automobile finance company, a contractor, or what?

TURN TO P. 29, G7

Which of the loans that you have mentioned was used to purchase the ilTEY)l

cl 1ST MORTGAGE (P.10)

LJ HOUSING LOAS 1!2 (P.10) cl HOUSING LOAN 83 (P. 10)

cl OTHER PROPERTY 111 (P. 14)

u OTHER PROPERTY #2 (P. 14)

cl OTHER PROPERTY #3 (P. 14)

cl A 6 R PROJECT #I (P. 16)

n A C R PROJECT 112 (P. 16) U

cl A & R PROJECT 113 (P. 16)

cl VEHICLE lil (P. 20) cl VEHICLE 1!2 (P. 20)

cl VEHICLE t3 (P. 20)

cl TRANSACTION 1!1 (P. 24) cl TRANSACTION F2 (P. 24)

cl TRANSACTION #3 (P. 24)

29 G7. hhat are the main reasons why you (and your husband.lrifej chcse tc bzrrc:

where you did, rather than at another type of financial institution?

G8.

G9.

GlO.

h'hy was the particular (LESDER) chosen to obtain this credit or loar,?

Had ycu (or your husband/ wife) obtained credit from them previously?

I 1. YES 1 I - , ‘* !io 1 I 1-i

LSTERy:Ei?;ER CHECKPOIST

I Il. LOAS OBTAISED FROH STORE, DEALER OR COSTRACTOR - l-

a I iJ 2. ALL OTHERS - TlX< TO P. 30, Gil

GlOa. Did being able to get credit at the place where the have anything to do with buying the (ITE'I) there?

I I

(ITEM) was purchased

11. YESI I 5. X0 k TARS TO P. 30, Gli

J Glob. How did this affect the decision to buy the (ITEM)?

30 Gil. h'hat other ways of buying the (ITEX) did you (and your husband/wife) seriously

consider--did you consider using cash, a credit card, charge account, line of credit, or another type of loan or credit for this purchase?

CREDIT CARD ' - MOTHER TYPE 2. OR CHARGE 4. OF LOM

COSSIDERED

GO TO Cl3

7. OTHER (SPECIFY):

I I

GO TO G13

G12. \%'hat other ways of buying the (ITEY) did you (and your husband/wife) seriously consider-- did you consider using (some type of loan or credit/cash or some other type of loan or credit) for this purchase? (Which type?)

I I 7. OTHER (SPECIFY): I

TURX TO P. 31, SECTIOS H

G13. Before you (and your husband/wife) decided the way you would buy this iITEY), did you try to get any information about (other) creditors or credit terms?

I 1. YES 1 ; 5. ?I'0 I TKRH TO P. 31, SECTIOS H

I G13a. In what ways did you try to obtain information?

G13b. What kind of information did you want? (Any other kind?)

31 SECTIOS H: SAVINGS XTTITL-DES

Hl.

H2.

H3.

People have different reasons for saving. What are your (family's) most important reasons for saving?

(CARD B) Which of the following statements on this card comes closest to the amount of financial risk you (and your husband/wife) are willinn to take when you save or make investments?

cl 1. TAKE SL-BSTXSTIAL FISASCIXL RISKS EXPECTING TO EARN SUBSTANTIAL RETURNS.

cl 2. TAKE ABOVE AVERAGE FINANCIAL RISKS EXPECTING TO EARN ABOVE AVERAGE RFTURNS.

0. 3. TAKE AVERAGE FINANCIAL RISKS EXPECTING TO EARN AVERAGE RETURNS.

Cl 4. NnT WILLING TO TAKE ANY FISXSCIAL RISKS. ;

(CARD C) \hich of the statements on this card comes closest to her you (and your husband/rife) feel about tying up your money in investments for long periods of time?

cl 1.

cl 2.

cl 3.

14.

TIE UP MONEY FOR A LONG PERIOD OF TIME TO EARN SUBSTANTIAL RETURNS.

TIE UP MONEY FOR AN INTERMEDIATE PERIOD OF TIME TO EARN ABOVE AVERAGE RETURNS.

TIE UP MONEY FOR A KETURNs.

‘I:01 WILLING TO TIE ;

SHORT PERIOD OF TIME. TO EARN AVERAGE

UP MONEY AT ALL.

32 HL.

H5.

H6.

H7.

H8.

How do you (and your husband/wife) generally decide what kind of savings and investments to make --do you get help from an acccuntant, a banker, a broker, a tax advisor, a lawyer, a friend or relative, or what? (CHECK ALL THAT APPLY.)

IA. 1 B. BANKER G21 1 C. BROKER 03! -1

97. OTHER (SPECIFY):

Tax considerations are often important in making investments. In your (farr.51.c's1 case, if you were to earn an extra dollar of income, about what percent would have to be paid in federal income taxes?

1

PERCEST I 996. NONE 1 pzxzzq

Considering all of your savings and reserve funds, overall, did you put money in or take more money out in 1982?

cf t:-ia_,

mere

1. Pff MORE MOSES IN ! I 3. STAYED THE StilE ’ 5. TOOK MORE MOSEY Ol'f i

Overall did most of your (family's) savings come from your regular income, cr did they come originally from gifts and inheritances, or other sources?

Do you (or your husband/wife) expect to ever receive a large inheritance?

I 5. NO I 1 8. DON'T KNOV 1 1 1 -

/I 2 MOSTLY FROM GIFTS - AND INHERITANCES /I

7 OTHER (SPECIFY): *

33 SECTION K: CHECKING AND SAVIKGS ACCOL'KTS

Kl. (CARD D) Now I'd like to talk about checking accounts that havezrestric- tions on either minimum check size or maximum number of checks you are alloved to write. Do you (or anyone in your family living here) have any of these checking accounts?

1. YES

9

p+ TURK TO P. 37, K7

Kla. Altogether how many of these kinds of checking accounts do you (and your family living here) have?

# ACCOL'NTS

34

K2. (Cm D) (First, about your main checking account, the one used to write most of your checks...)

(About the next account...) Which type of checking account listed on the card best des- cribes this account?

K3. At which type of financial institution is this account?

K4. How much money is kept in this account on average?

CHECKING CHECKIXG ACCOUNT 111 ACCOIXT t2

I I 1. REGULAR CHECKING 1 1. REGULAR CHECRISG !

-1 [03. CREDIT UNION 1

06. BROKER;

+

-1 103. CREDIT UNIOh' 1

06. BROKER; M?f?-IF

+,

I $ I”--’ GO BACK TO K2 OR GO BACK TO K2 OR TURN TO P. 36, K5 TURN TO P. 36, K5

35 CHECKING CHECKING CHECKING

Af-fWllNT t-4 ACCfF\Z %L ACCOUNT d5 LIYIII.. - s. - _ _ _ _ _ _ _ . _

1. REGULAR CHECKING. 1. REGULAR CHECKING 1. REGULAR CHECKISG ]

CREDIT UNIOh' 03. CREDIT UNION 03. CREDIT UNIOX I

06. BROKER; Ml+%+l 06. BROKER; ?lMXF

$ $ $ I

GO BACK TO K2 OR GO BACK TO K2 OR TURK TO P. 36, KS TURN TO P. 36, KS TURN TO l'. 36, KS

36 money K5. Can you (or anyone in your family living here) deposit or withdraw

from your main checking account using an automatic teller machine?

1. YES

7

5. NO I

(1 1

GO TO K6

K5a. In all, about how many times a month do you (and your family) use an automatic teller machine for transactions at the institution where you have your main checking account?

TIMES PER MONTH 0 OR TIMES PER

K6. About how many (other) times during a month do you (and your family) conduct business at the institution where you have your main checking account by going into an office or branch or using a drive-in or walk-up window?

TIMES PER MONTH 0 OR TIMES PER

K7. Do you (or anyone in your family living here) have any Individuai Retirement Accbunts or IRAs?

1. YES

7

l).l-> GO TO K8

K7a. What is the total dollar value of all the Individual Retirement Accounts that you (and your family living here) have?

S TOTAL VALUE

c

37

K8. Do you (or anyone in your family living here) have any Keogh accounts?

15.~0, GO TO K9

K8a. What is the total dollar value of all the Keogh accounts that you (and your family living here) have?

$ TOTAL VALLZ

K9. INTERVIEWER CHECKPOINT:

I

fl 1. R OR FAMILY MEMBER HAS AN IRA OR KEOGH ACCOLTJT IN K7 or K8

2. ALL OTHERS--> TURN TO P. 38, KlO

K9a. At what type of business or financial institution do you (and your family living here) have the (IRA/Keogh account[s])? (CHECK ALL THAT APPLY.)


38 KlO. (Aside from IRA and Keogh accounts), do you (or anyone in your family living

here) have any savings certificates or any certificates of deposit or repurchase agreements at financial institutions-- these certificates are held for a set period of time, and must be cashed or renewed at the maturity date?

TURN TO P. 39, K14

Ku. Do you (or anyone in your family living here) have any all-savers certificates?

[NO].-, GO TO K12

Klla. What is the total dollar value of all these certificates?

$ TOTAL VALUE

Kl2. Do you (or anyone in your family living here) have any seven-day to ninety-day savings certificates, any six-month money market certificates, or repurchase agreements?

I,.,,}-> GO TO K13

I

K12a. What is the total dollar value of all these certificates?

$ TOTAL VALUE

K13. Do you (or anyone in your family living here) have any other certificates of deposit or savings certificates, such as small savers or four year certificates?

TURN TO P. 39, K14

Kl3a. What is the total dollar value of all these certificates of deposit or savings certificates?

$ TOTAL VALUE

39 K14. Do you (or anyone in your family living here) have any money market mutual

fund accounts at a mutual fund company or broker or any money market deposit accounts at commercial banks, savings and loan associations, savings banks, or credit unions ? (Excluding the certificate accounts you already mentioned.)

1. YES

V

p+TlJRN TO P. 40, Kl5

K14a. Altogether how many of these other money market mutual fund accounts or money market deposit accounts do you (and your family living here) have?

/I ACCOUNTS

W4b. (First, about the largest money market account... /About the next money market account...)

Is this account at a commercial bank, a savings and loan association or savings bank, a credit union, a broker or money market mutual fund, or what?

K14c. How much money is in this account?

K14d. Does this account have any check- writing privi- leges?

MONEY MARKET ACCOUNT 1;l

103. CREDIT UNION 1

S

Il. YES / 11

CO BACK TO Kl4b OR TURN TO P. 40. K15

MONEY ?fARKET ACCOUNT 62

03. CREDIT UNION 1

MONEY MARKET ACCOUKT 1:3

103. CREDIT UKION I

06. BROKER; ?DD!I=

/ 1. YES 1 1 5. NO 1 11 1. YES 1 1 5. NO 1 ur y-m---

GO BACK TO K14b OR TURN TO P. 40, K15 TURN TO P. 40. K15

40 ~l5. Do you (or anyone in your family living here) have any passbook, statement

savings, share accounts, or Christmas Club accounts?

1. YES 7 TURK TO P. 42, K16

K15a. Altogether how many of these kinds of savings accounts do you (and your family living here) have?

I/ ACCOUNTS

SAVINGS SAVINGS ACCOUNT 81 ACCOUNT 82

, 8 ,

KlSb. (First, about the largest savings account . ..) (About the next largest savings account . ..I Is the account at a commercial bank, a savings and loan association or a savings bank, or what?

a credit union,

o2 SAVINGS & LOAN; l SAVINGS BANK

,03. CREDIT UNION 1 103. CREDIT UNION 1

Kl5c.How much money is in the account?

I’ I i I

I - II

s $

GO BACK TO KlSb OR GO BACK TO K15b OR TURN TO P. 42, K16 TURN TO P. 42. Kl6

41

SAVINGS SAVINGS SAVINGS ACCOUNT t3 ACCOUNT ::4 ACCOUNT 15

-jOl. ;ZIAL 1 1 Dl. ;kyIAL / '-1

103. CREDIT tINI@ ] 103. CREDIT UNION 1 103. CREDIT UNION 1

197. OTHER (SPECIFY) 1 1)11 ri

S I S I S

GO BACK TO Kl5b OR GO BACK TO KlSb OR TURN TO P. 42, K16 TURN TO P. 42, K16 TURN TO P. 42, Kl6

42 K16. Do you (or anyone in your family living here) have any U. S. government

savings bonds?

1. YES

7 .

I 5. NO

GO TO Kl7

Kl6a. What is the total face value of all of the U. S. savings bonds that you (and your family) have?

K17. Do you (or anyone in your family living here) have any other type of corporate or government bond or bill, not including m&ey market, IRA, or pension funds?

~~-,TURR TO P. 43, K19

FOR EACH "YES" IN K17a-c, ASK Kl8 K18.mat is the total face f value of all of the

Kl7a.

Kl7b.

Kl7c.

(TYPE) that you (and your family living here) have?

Do you (or anyone in your family living here) have any federal government bonds or bills?

7

5. NO pj+tss

Do you (or anyone in your family) have any state, county, or municipal bonds?

?I_$

any corporate or foreign bonds, or any other bonds?

43 Kl9. Do you (or anyone In your family living here) have any type of stocks

or mutual funds, not including money market, IRA, or pension funds?

TURN TO P. 44, K22

Kl9a.

K19b.

Kl9c.

Kl9d.

K19e.

Kl9f.

K20= '&at is the total market value of all of the (TYPE) that you (and your family living here) have?

Do you (or anyone in your family living here) have any shares in a tax-free Mutual Fund?

.-> $

(Any other) shares in Mutual Funds?

Publicly traded stock in the company where you (or your family here) work?

Publicly traded stock held in an investment club or partnership?

any other publicly traded preferred or common stock?

In how many different publicly owned companies your family living here) have stocks?

# OF COMPANIES

do you (or anyone

198. DON'T KNOW 1

K21. Do you (or anyone in your family living here) have an account at a stock brokerage for the purchase or sale of stocks?

K21a.

I,. I,./-> TURN TO P. 44, K22

Over the past year, about how many times did you (or anyone in your family living here) purchase or sell stocks through a broker?

# TIMES

44

K21b.

K21c.

K21d.

K21e.

Excluding any account you've already mentioned, do you have a cash or call money account at'a stock brokerage company?

1. YES

7

I=[-+ GO TO K21d

What is the total dollar value of all the cash or call money accounts that you (and your family living here) have?

$ TOTAL VALUE

How many stock brokerage companies do you (and your family living here) do business with?

# STOCK BROKERAGE COMPANIES

Do you deal regularly with an office (of this/these) firm(s) outside the area where you live or work?

K22. Do YOU (or anyone in your,family living here) have other assets in a trust or managed investment account that you have not already mentioned?

TURN TO P. 45, K23

K22a. What is the total dollar amount of your (family's) interest in the trust or investment accounts?

K22b. Who manages the trust or investment account?

45 K23. Excluding medicare or medicaid, do you (or anyone in your family living here)

have medical insurance for doctor or hospital care?

K24. Do you (or anyone in your family living here) have any life insurance?

1. YES

7

15.++GOTOK25

K24a. Are these policies term insurance, or are they the type which build up a cash value and you can borrow on them? (CHECK ALL TNAT APPLP-- ASK ALL FOLLOWUP QUESTIONS.)

I 2. CASH VALUE 1

K24b. What is the current face value of all the term life policies that you (and your family living here) have?

K24c. What is the current face value cf all the policies whichuild up a cash value that you (and your family living here) have?

K24d. What is the total cash value of these policies that you (and your family living here) have, excluding any money you already have borrowed against them?

K25. Do you (or anyone in your family living here) own or share ownership in a privately-held business, a farm, a professional practice or any type of partnership?

(5. NO+ TURN TO P. 47, K27

I K25a. Do you (or anyone in your family living here) have an active management role in any of these (MENTIONED IN K25)?

11. YES 1

TURN TO P. 46, K26

I K25b. What is the total dollar value of your (family's) interest in all such businesses, farms, partnerships, or professional practices?

$ TURK TO P. 47, K27

46 K26.

K26a.

K26b. Does

money? K26c. How much does it owe you?

K26d. Do you (or anyone in your family living here) owe the business any money that you didn't report earlier?

K26e.

K26f.

K26g.

K26h.

K26j.

K26k.

K26m.

K26n.

What kind of business is it? (What is its major activity?)

Is it a proprietorship, partnership, corporation, or what?

the business owe --? (and family living here any

How much (do you/does your family owe?

What percentage of the business do you (and your family living here) own?

What is your (family's) net share of this business worth?

What were the gross receipts or gross sales in 1982?

What was its net income before taxes in 1982?

Do you (or anyone in your family living here) have an active management role in any other business?

BC'SIXESS #l BtTSI?;ESS r:2

[ 1. PROPRIETORSHIP 1 11. PROPRIETORSHIP /

1 2. PARTNERSHIP ] [ 2. PARTKERSHIP \

3. CORPORATIOK 3. CORPORATIOS

15. 1 Lagos CO TO K26f

$ $

PERCENT PERCEST

$ $

I s .s 7

$ $

Do you (or anyone in your family living here) own or have an interest in any other partnership, privately-held business, a farm, or professional practice?

1. YES

g

iJX-5. TDRN TO P. 47, K27

What is the total dollar value of your (family's) interest in these other partnerships, businesses, farms, or professional practices?

.

$ TOTAL DOLLAR VALUE

TURN TO P. 47, K27

47

K27. We have talked about various types of savings and investments. Do you (and your family living here) have any others that we haven’t mentioned-- such as a boat, or money loaned or invested with friends or relatives, or antiques, precious metals, gems, or art held for investment purposes?

K27a.

K27b.

1. YES 7 1 5, NO I--+ GO TO K28

What would those be? (Any other savings and investments?)

What is the total dollar amount you (and your family) have in (TYPE)?

TYPE #I

s ~ ._“.

K28. Do you (or anyone in your family living here) previously to make any of the investments you

TYPE 12 TYPE ii3

owe any money not reported mentioned?

I 5- NO I_) TURN TO P. 48, K29

K28a. How much is still owed on these loans?

$

48 K29. INTERVIEWER CHECKPOINT

1. R HAS ANY TYPE OF WCKING ACCOLThT ('?ES" AT Kl)

0 2. ALL OTHERS- TURN TO P. 49, K32

v K30. (Cm E) People have different reasons for choosing the institutions where they

have their main checking account. For each of the following reasons, please tell me whether you think it is very important, somewhat important, not very important, or not at all important to you (and your husband/wife). First, how important is a-convenient location of the financial institution's offices in choosing where to have your main checking account?

K30a. CONVENIENT LOCATION OF OFFICES

K30b. Being able to obtain many financial services at one place.

K30c. Automatic teller machine.

K30d.

K30e.

A low service charge or low minimum balance requirements.

High interest rates.

K30f. Safety or absence of risk.

K30g. Which of these reasons is most important to you (and your husband/ wife) in choosing the institution where you have your main checking account?

VERY SOMEWHAT NOT VERY NOT AT ALL IMPORTANT IMPORTANT. IMPORTANT 1MPORTA:;T

49

K31. Which of the following services do you (and your husband/wife) currently obtain from the institution where you have your main checking account-- do you have any other checking account at the same institution as the main checking account?

K31a. ANOTHER CHECKING ACCOUNT?

K31b. Do you have any IRA or Keogh accounts at the same institution as the main checking account?

K31c. Money market certificates, certificates of deposit, or certificate accounts?

K31d. Any other money market or savings accounts?

K31e. Credit cards?

K31f. A mortgage loan?

K31g. Any other loans?

K31h. A brokerage or trust account?

YES NO (1) (5)

Would you prefer doing business with banks and other financial institutions that.have nationwide offices, or is having nationwide offices not important to you (and your husband/wife) in choosing a bank or financial institution?

18. DON'T KNOW [

TURN TO P.50 , K34

Would you prefer doing business with banks and other financial institutions that have statewide offices, or is having statewide offices not important to you (and your husband/wife) in choosing a bank or financial institution?

K34. Would you prefer doing business with banks and other financial institutions that could also offer services similar to stock brokers, real estate agents, and insurance companies, or would having these additional services not be important to you (and your husband/wife) in choosing a bank or other financial institution?

K35. Would you (and your husband/wife) be very interested, somewhat Interested, or not at all Interested, in doing business with banks and other financial Institutions that could . . .

VERY INTERESTED

SOMEWRAT NOT AT ALL INTERESTED ZNTERESTED

K35a. buy or sell market stocks and bonds for its customers?

K35b. help customers find buyers or sellers for homes and other properties as real estate agents?

K35c. sell home and automobile insurance?

K35d. sell life insurance?

K36. Now that ve have talked about the kinds of accounts, investments, loans, and credit cards you have, we are interested in finding out how many different financial institutions you (and your family living here) regularly use,

1 not counting different branches of the same institution.

J 1 IF "ONE OR MORE" ASK K37 ]

K36a.

K36b.

K36c.

How many different commercial banks do you (and your family) do business vith?

Bow many savings and loan associations, savings banks, or credit unions do you (and your family) do business with'

How many finance or loan companies do you (and your family) do business with?

K37. Do you (or anyone living here) regularly do business with a branch office outside the area vhere you ive or work?

II.

(5.1

51 SECTION R: RESPONDENT EMPLOYMENT

Rl. We are interested in your present job status. Are you working now, temporarily laid off, unemployed and looking for work, disabled and unable to work, retired, a student (a housewife), or what? (CHECK ALL THAT APPLY-E.G., RETIRED AND WORKING NOW--ASK ALL FOLLOW-UP QUESENS).

TEMPORARILY 2. LAID OFF; ON

EXTENDED LEAVE

Rla. Do you expect to go back to work at this job?

F//q-

-I- (-SKIPS FOR "UNEMPLOVFID" IN SECTION R)

Rib. When did you last work on this job?

MONTH/YEAR

NOTE: CONSIDER THIS R'S "CURRENT MAIN JOB" FOR PURPOSES OF R2-R24.

TURN TO P. 52, R2

Rlc. Are you doing any work for pay at the present time?

TURN TO P. 52, R2

Rld.

Rle.

Have you ever done any work for pay?

1. YES

7

I 5. NO

TURN TO P. 68, RS8

INTERVIEWER CHECKPOINT:

0 1. R IS RETIRED/DISABLED- TURN TO P. 60, R28, COL. A

q 2. R IS UNEXPLOYED/STUDEh'T/ HOUSEWIFE/OTXER---, TURN TO P. 60, ~28, COT+. B.

52 R2. Next are some questions about your current, main job. What is the

official title of your job (the title that your employer uses)?

(OFFICIAL JOB TITLE)

R2a. What sort of work do you do on your main job?

R2b. Tell me a little more about what you do.

R3. What kind of business or industry do you work in--that is, what do they make or do at the place where you work?

R4. Are you self-employed on your main job?

R4a. About how many other employees work for this company or organization, including all locations-fewer than 100 employees, or more than 100 employees?

1. FEWER THAN 100 EMPLOYEES

R!5. Is this employer a unit or agency of the federal government, a state or local government, a public school or college, a private school or college,

2. 100 OR MORE E?IPLOYEES

or any branch of the military service?

R6.

R7.

How many years have

#YEARS

How many more years yourself)?

f YEARS

you worked for (this employer/yourself)?

0 OR SINCE: (YEAR)

do you expect to continue working for (this employer/

UNTIL AGE: I

96 NEVER PUN l TO RETIRE I

About how many paid hours do you work on your main job in an average week? 53

R8.

HOURS PER WEEK

R9. How many weeks per year would you expect to work on this job in a normal year, including paid vacations?

#WEEKS

RlO. About how much do you earn before taxes on your main job? (Was that per hour, week, month, or year?)

$ PER

Rll. Are you covered on this job by a union or employee-association contract?

lzl 1. YES

u 5. NO

Rl2. Are you covered by Social Security on this job?

0 1. YES

n 5. NO

Rl3. INTERVIEWER CHECKPOINT:

III 1. R IS SELF-EMPLOYED ___, TURN TO P. 58, R24

n 2. R HAS WORKED FOR THIS EMPLOYER 2 YEARS OR LONGER OR STARTED BEFORE 1981 (IN R6)

a 3. AIL OTHERS-> TURN TO P. 54, R15

ti Rl4. Have you ever done some other kind of work or different job for this employer?

1. YES IS./.+ TURN TO P.54, Rl5

Rl4a. How many other kinds of work or different jobs have you had with this employer?

# DIFFERENT KINDS OF WORK

Rl4b. What sort of work did you do (at the longest of these jobs)?

R14c. Tell me a little more about what you did.

R14d. How many years did you do this type of work or job for this employer?

#YEARS

54 RX. Are you covered by a pension or retirement plan on this job, not including social security (or Railroad Retirement)?

I-K=q GO TO R16

15a. Will vou be covered by such a plan if you continue to work for this *mplol;er?

1. YES

Y TURN TO P. 58, R24

15b. How many more years must you work for this employer to be included in this plan?

MORE YEARS

TURN TO P. 58, R24

R16. Does this pension plan include people who work for other employers as well as your own?

R16a. With this employer, are you covered by one basic plan, a main plan with optional parts, or by more than one plan?

Il. ONE PLAN\ 1 2. OPTIONAL PARTS ] 1 3. MORE THAN ONE=] 1 4. ;;;j

R16b. How many years including only benefits?

have you been included in the main or basic plan, the years that count toward your pension or retirement

# YEARS @ SINCE: (YEAR)

R16c. (IF HAS OPTIONAL OR SECOND PLAN) How many years have you been included in the (optional/second) plan including only the years that count toward your pension or retirement benefits?

f YEARS @ SINCE: (YEAR)

R16d. All pension plans have vesting rules that guarantee that an employee who has been in the plan a certain number of years earns the right to some pension benefits, even if the employee leaves and is no longer covered by the plan. Have you worked under the main or basic plan long enough to earn this right?

-1 5. NO

TL'RN TO P. 55, R17

T R16e. How many more years must you be included in this plan in order to eventu-

ally earn= right to receive some benefits?

MORE YEARS

55

Rl7. What is the youngest age or the minimum years of service at which you could receive full retirement benefits from the main or basic pension plan? (CHECK ALL THAT APPLY AND SPECIFY AGE, YEARS, OR COMBINATION).

Cl a. (AGE)

q b. (YEARS)

uc* (AGE). AND (YEARS)

0 d. WHEN AGE PLUS YEARS = (TOTAL)

Rl8. If you wished to, could you retire earlier and receive reduced this plan?

TURN TO P. 56, R20

benefits from

R19. What is the youngest age or the minimum years of service at which you could retire and begin drawing at least partial benefits from the main or basic pension plan? (CI~ECK ALL THAT APPLY AND SPECIPY AGE, yEARs, OR COMBINATION.)

Cl a. (AGE)

cl b. (YEARS)

Cl C. AND (AGE) - (YEARS)

cl d. WREN AGE PLUS YEARS - (TOTAL)

Lb OTHER

[WN’T]

56 R20. At what age do you expect to start receiving benefits from the main or

basic pension plan?

AGE

R21. In total, how much plan(s), per month you retire?

do you expect to receive from all parts of the pension or year, or as a proportion of your pay at the time

$ PER 0 OR J OF PAY 1 WN'T KNOW]

R22. Did you make any contributions to any such as by having money deducted from

part of the pension plan(s) during 1982, iour pay?

y[ pyLq

I I TURN TO P. 57, R23

R22a. -Are you required to contribute?

R22b. What amount or percent of your pay are you required to contribute?

% OF PAY @ $ PER

R22c. Do you also make voluntary contributions?

TURN TO P. 57, R23

R22d. What amount or percent of your pay did you voluntarily contribute in 1982?

% OF PAY @ $ PER

57

R23. Some pension plans have a definite formula based on years of service or salary. Some plans base benefits on how much money has accumulated in a person's account. Other plans use both ways of setting benefits. How are the benefits for your pension determined, (including the optional/second plan)-- by a definite formula based on years of service or salary, or by the amount cf - money in your account or in both ways? -

5 MONEY AC-TED ' IN ACCOUNT

TlJRX TO P. 58, R24 TURN TO P.58 , R24

R23a. Does your employer make contributions to your account?

R23b. What amount or percent of pay did your employer contribute to your account in 1982?

$ PER X OF PAY

R23c. What is the approximate dollar amount in your account now?

$ 1 DON'T KNOW 1

R23d. How much could you withdraw from this account today if you were to leave this employer?

$ 0 OR % OF ACCOUNT BALANCE

58

R24. (Excluding the pension plans you already mentioned,) do you participate on this job in any tax-deferred compensation or savings plans, such as a "thrift" or a profit sharing plan?

~~NOTTURX To P. 59, R25

R24a. What is the name of the plan?

~IRAORREOGH~

TURX TO P.59 , R::

R24b. Did you make any contributions to this plan during 1982, such as by having money deducted from your pay?

GO TO R24d

R24c. What amount or percent of your pay did you contribute in 1982?

2 OF PAY @ S PER

R24d. (IF NOT SELF-EIPLOYED) Does your employer make contributions to this plan?

I

GO TO R24f

R24e. What amount or percent of pay did your employer contribute in 19&Z:

s PER 0 OR % OF PAY

0 OR R24f. What is the approximate dollar aammt in your account nov’!

$

R2rg. Row much could you withdraw from this account today if you vere to leave this employer?

$ 0 OR % OF ACCOUNT BALANCE

59 R25. INTERVIEWER CHECKPOINT:

!I 1. R IS RETIRED/DISABLED IN Rig IS CURRENTLY WORKING FOR PAY+TL%N TO P. 60, R28, COLUMN A

2. ALL OTHERS

R26. Have you worked for pay for any other employer, or were you self-employed on any prior job?

TURNTOP. 66 ,RSO

R27. I'd like to ask you about the longest prior job you've had . . . TURNTOP. 60, R28, COLUMN C

60 COLC.?!X A

RETIRED/DISABLED


TURN TO

11. FEDERAL 1

2. STATE OR LOCAL 1

,3. PUBLIC SCHOOLS

-4. PRIVATE SCHOOL 1

~28. What was

COLUMW A

COLUMX B

COLUMN c

COLUMN D

the official title of your job . . .

(before you became retired/disabled?)

(on your last 'paid job?)

(on your longest prior job?)

(from which you expect to or now receive a pension?)

R28a. What sort of work did you do on this job?

R28b. Tell me a little more about what you did.

R29. What kind of business or industry did you work in -that is, what did they make or do at the place where you worked?

R30. Were you self-employed on this job?

R31. About how many other employees worked for this company or organization, including all locations-fewer than one hundred or more than one hundred employees?

R32. Was this anployer a unit or agency of the federal government, a state or local government, a public school or college, a private school or college, or any branch of the military service?

COLUhN B COLUMN c COLLMN D

UNE?IPLOYED/STL?)EKT/HOUSEWIFE LONGEST PRIOR JOB OTHER JOB WITH PEKSIOS

61

(OFFICIAL JOB TITLE) <OFFICIAL JOB TITLE] @FFICIAL JOB TITLE)

TURN TO

ll.FEDERAL]

12. STATE OR LOCAL,

3. PUBLIC SCHOOL 1

4. PRIVATE SCHOOL 1

5. MILITARY[

nziq

[l.FEDERAL] 1. FmERALj

12. STATE OR LOCAL 1 2. STATE OR LOCAL1

,3. PUBLIC SCHOOL 1 3. PUBLIC SCHOOL 1

4. PRIVATE SCHOOL 4. PRIVATE SCHOOL

5. MILITARY [

n7iq

62 COLLJXE A

RETIRED/DISABLED

R33.

R34.

R35.

R36.

R37.

R38.

R39.

R40.

R41.

In what month and year did you stop working for (this employer/yourself)?

How many years did you work for (this employer/yourself)?

About how many paid hours did you work on this job in an average week?

How many weeks per year did you work on this job in a normal year, including paid vacation?

How much did you earn before taxes during a typical week or month when you left this job?

Were you covered on this job by a union or employee-association contract?

Were you covered by Social Security on this job?


Do you currently receive retirement, disability or other pension benefits from this employer, not including Social Security (or Railroad Retirement)?

R41a. How many years have you received these benefits?

R41b. How much did you receive in 1982?

MONTH / YEAR

B YEARS

HOURS PER WEEK

t WEEKS

$ PER

u 1. R WAS SELF-EMPLOYED ON THIS JOB--_, TURN TO P. 64, R47

2. ALL OTHERS

P. 64, R42

SINCE: (YEAR)

$ PER

TURN TO P. 64, R46

COLUMN B COLUMN c COLUXX D 63 UNEMPLOYED/STUDENT/HOUSEWIFE LONGEST PRIOR JOB OTHER JOB W/PENSIOK

H3tTH / YEAR MONTH / YEAR MONTH / YEAR

# YEARS #YEARS #YEARS

HOLRS PER WEEK HOURS PER WEEK HOURS PER G;EEK

#WEEKS #WEEKS # WEEKS

S PER S PER S PER

I’

III 1. R WAS SELF-EMPLOYED CI 1. R WAS SELF-EMPLOYED u 1. R WAS SELF-E?IPLOYED ON THIS JOB- ON THIS JOB- ON THIS JOB- TURX TO P. 64, R48 TURN TO P. 64, R49 TURN TO P. 66, R50

7 2. ALL OTHERS p 2. ALL OTHERS p 2. ALL OTHERS

pq I,.,,/ pq pq pq ls_,,

I TUW TO

I

TURN TO

I

TCELV TO P. 64, R42 p. 64, R42 p. 64, R43

v I! YEARS@

SINCE: (YEAR)

$ PER

TURN TO P. 64, R46

v # YEARS OR 0

I SINCE: (YEAR)

I $ PER

TURR TO p. 64, R46

v I YEARS@

I SINCE: (YEAR)

$ PER

TURN TO p. 64, R46

64 COLUMN A

RETIRED/DISABLED

AGE

S PER

0 OR

Il. DEFINITE FORMULA

12. MONEY IN ACCOUNT

13.

1 8. DON'T KNOW 1

!Il 1. R IS RETIRED/DISABLEI AND CURRENTLY WORKING FOR PAY* GO TO R49

TO R28, P. 66, R50 COLUMN c

IXl(5.1 TURN BACK TURN TO TO R28, P. 66, R50 COLUMN D

R42. Do you expect to receive retirement or other pension benefits from this employer at some future time?

R43.

R44.-

R45.

R46.

R47.

~48.

R49.

At what age do you expect to start receiving benefits from this employer?

How much do you expect to receive in benefits from this pension plan per month or per year?

Some pension plans have a definite formula based on years of service or salary. Some plans base benefits on how much money has accumulated in a person's account. Other plans use both ways of setting benefits. How were the benefits for your pension determined- by a definite formula based on years of service or salary, or by the amount of money in your accouz, or in both ways? -

Did this plan cover people who worked for other employers as well as your own?


Have you worked for pay for any other employer, or were you self-employed on any prior job?

Do you expect to or do you now receive a pension from any employer other than the ones we have already talked about?

COLL'MN B

UNEM-PLOYED/ST'UDENT/HOUSEWIFE COLU.% c

MXGEST PRIOR JOB COLL?fS D 65

OTHER JOB W/PEl:SIo?i

AGE

PER

[ 1. DEFISITE FOR?XLA _ 1. DEFINITE FOEP5-L A

12. !-lOlO?r'EY IN ACCOLXT 12. MOSEY IN ACCOLXT 1 12. MONEY IN ACCOL-ST 1

In] px5-j TURN BACK TURN TO

............. ............ ............. ............ ............. ............ .~~~~~~~~..~~~~..~~~~~~~:.:.:.~..:.~:.:.:.:.:.:.~.:.:.:.:.:.:.:.:.: .: ........................................................................................... 5...~............................................~...............~.....~ ............... .............................................. ............................................................................................. .............................................. ............................................................................................ .......................................................................................... .............................................. .............................................. ............................................................................................ ............................................................................................ ........ . .................................................................................. .............................................. ...... ..=.............Z .................................................................... .............................................. ............................................................................................ ............................................................................................ ............................................................................................

66 R50. HOW many different employers have you worked for in full-time jobs lasting

one year or longer?

# PULL-TIME JOBS 96. NEVER BAD PULL-TIME JOB

' l

R50a. Do you expect to work full-time in the future?

GO TO R54

R51. At what age did you begin working for pay at your first full-time job lasting one year or longer?

AGE

R52. Since you first started working, have there been any times when you did not work for a year or longer on a full-time job because of home and child-rearing duties, years spent in retirement, because of unemployment, illness, or for any other reason?

1. YES

7

[~+GOTOR53

R52a. Excluding these times, about how many years in total have you worked full-time for pay?

# YEARS PULL-TIME

R53. At what age do you expect to stop working for pay at a full-time job?

AGE 95. NEVER STOP ALREADY STOPPED I I

GO TO R54

R53a. At what age did you stop working for pay at a full-time job?

AGE

R54. (In addition to full-time jobs,) about how many years in total have you worked part-time for pay, counting only part-time jobs that lasted a year or longer?

#YEARS PART-TIME

R55. At what age do you expect to completely stop working on any paid job, including part-time jobs held during retirement years?

AGE 95. NEVER STOP I 1

TURN TO P. 67, R56

R55a. At what age did you stop working for pay?

-1 ALRBADYJSTOPPBD 1

AGE

R56. Are you currently receiving any Social Security payments on the basis of your own past contributions? (GREEN CHECK, NOT GOLD CHECK)

15.l-G0~0~57

R56a. Are the payments for retirement or disability benefits?

R56b. How long have you received these benefits?

d YEARS 0 OR SISCE: (YEAR)

R56c. How much did you receive in benefits from Social Security per month in 1982?

S PER

-I TURK TO P. 68, R58

67

R57. Do you expect to be eligible for Social Security benefits in the future on the basis of your own contributions?

p[NO GO TO R57c

R57a. At what age do you expect to start receiving Social Security benefits?

AGE

R57b. How much do you expect to receive in benefits from Social Security per month or year, or as a proportion of your pay at, the time you retire?

$ PER 0 OR % OF PAY

0 OR

R57c. About how many years have you held paid jobs on which you contributed to Social Security?

# YEARS

68 Rsa. khat is the month and year of your birth?

MOhTH/YEAR

R59. Are you married, separated, divorced, widowed, or have you never been married?

R60. Have you ever been in the military service?

1 1. YES 1 15. NOI

R61. What is the highest grade of school or year of college you completed? - ~

I GRADES OF SCHOOL I I COLLEGE I

/OClClClOOClO00ClClCl~ )EEEEli;;;i/ 00 01 02 03 04 05 06 07 08 09 10 11 12

\I w R61a. Did you get either a high school diploma R61b. Do you have a

or pass a high school equivalency test? college degree?

1 I L 1 L 1

15. 501

R62. How would you describe your health--excellent, good, fair or poor?

R63. Do you (or your husband/wife) have any children who are not living here with you?

R63a. How many children are not living here with you?

pi-j.-+ TURN TO P. 69, SECTION S

CHILDREN

69 SECTION S: SPOUSE PiPLOYMENT

Sl. We are interested in your (husband'slwife's) present job status. IS (he/she) working now, temporarily laid off, unemployed and looking for work, disabled and unable to work, retired, a student (a housewife), or what? (CHECK +J THAT APPLY-E.G., RETIRED AND WORKING NOW--ASK ALL FOLLOW-UP QUESTIONS).

TEMPORARILY 2. LAID OFF; ON

EXTENDED LEAVE

Sla. Does (he/she) expect to go back to work at this job?

l.YES

'i'

/5.1-

(FOLLOW SKIPS FOR "UNEMPLOYED" IN SECTION S)

Slb. When did (he/she) last work on this job?

MONTH / YEAR

NOTE: CONSIDER THIS SPOUSE'S "CURRENT MAIN JOB" FOR PURPOSES OF S2-S24.

TURN TO P. 70, S2

7. OTHER (SPECIFY):

51~. Is (he/she) doing any work for pay at the present time?

TURN TO P. 70, s2

Sld. Has (he/she) ever done any work for pay?

TURN TO P. 86, S58

Sle. INTERVIEWER CHECKPOINT:

0 1. SPOUSE IS RETIRED/ DISABLED-----,TURN TO P. 78, S28, COL. A

tl 2. SPOUSE IS UNEMPLOYED/ STUDENT/HOUSEWIFE/OTHER-- TURN TO F. 78, S28, C0L.B

70 SZ. Next are some questions about

What is the official title of employer uses)?

your (husband's/wife's) current, main job. (his/her) job (the title that [his/her]


S2a. What sort of work does (he/she) do on (his/her) main job?

S2b. Tell me a little more about what (he/she) does.

s3. What kind of business or industry does (he/she) work in--that is, what do they make or do at the place where (he/she) works?

S4. Is (he/she) self-employed on (his/her) main job?

5. NO Y %a. About how many other employees work for this company or organization,

including all locations--fewer than 100 employees, or more than 100 employees?

1. FEWER THAN 100 EMPLOYEES 2. 100 OR MORE EMPLOYEES

545. Is this employer a unit or agency of the federal government, a state or local government, a public school or college, a private school or college, or any branch of the military service?

S6. Row many years has (he/she) worked for

# YEARS 0 OR (this employer/himself/herself)?

SINCE: (YEAR)

s7. How many more years does (he/she) expect to continue working for (this employer/ himself/herself)?

1 I

11 YEARS 0 OR UNTIL AGE: I

96 NEVER PLAN ' TO RETIRE I

-1

SB.

s9.

SlO.

Sll.

S12.

s13.

s14.

About how many paid hours does (he/she) work on (his/her) main job In an average week? 71

HOURS PER WEEK

How many weeks per year would (he/she) expect to work on this job in a normal year, including paid vacations?

# WEEKS

About how much does (he/she) earn before taxed on (his/her) main job? (Was that per hour, week, month, or year?)

$ PER

Is (he/she) covered on this job by a union or employee-association contract?

Is (he/she) covered by Social Security on this job?

Il.YESI

:NTERVIEWER CHECKPOINT:

cl 1. SPOUSE IS SELF-NPLOYED+ TURN TO P. 76, S24

P

2. SPOUSE HAS WORKED FOR THIS EMPLOYER 2 YEARS OR LONGER OR STARTED BEFORE 1981 (IX S6)

c1 3. ALL OTHERS ____$ TURX TO P. 72, S15

Has(he/she) ever done some other kind of work or different job for this employer?

TURN TO P. 72, S15

S14a. How many other kinds of work or different jobs has (he/she) done for this employer?

t DIFFERENT KINDS OF WORK

S14b. What sort of work did (he/she) do (at the longest of these jobs)?

S14c. Tell me a little more about what (he/she) did.

S14d. How many years did (he/she) do this type of work or job for this employer?

# YEARS

SE. Is (he/she) covered by a pension or retirement plan on this job, not including social security (or Railroad Retirement)?

-1 5. NO CC TO S16

7

S15a. Will (he/she) be covered by such a plan If (he/she) continues to work for this employer?

S15b. How many included

I J TURN TO P. 76, S24

mDre years must (he/she) work for this employer to be in this plan?

MOREYEARS TURN TO P. 76, S24

S16. Does this pension plan include people who work for other employees as well as (his/her) own?

(1./ pxq 18. DON'T KNOW1

Sl6a. With this employer, is your (husband/wife) covered by one basic plan, a main plan with optional parts, or by mDre than one plan?

[I. ONE PLAN 1 12. OPTIONAL PARTS 1 13. MORE THAN ONE FUN 1

S16b.

S16c.

s16d.

How many years has (he/she) been included in the main or basic plan, including only the years that count toward (his/her) pension or retirement benefits?

# YEARS OR SINCE: (YEAR)

(IF HAS OPTIONAL OR SECOND PLAN) How many years has (he/she) been included in the (optional/second) plan including only the years that count toward (his/her) pension or retirement benefits?

#YEARS @ SINCE: (YEAR)

All pension plans have vesting rules that guarantee that an employee number of years earns the right to employee leaves and is no longer worked-under the main or basic plan

who has been in the plan a certain some pension benefits, even if the covered by the plan. Has (he/she) long enough to earn this right?

%Gz P 73 s17 * , 5. NO 7 1 8. DON'T KNOW [

TURN TO P. 73, S17

S16e. How many mDre years must (he/she) be included in this plan in order to eventually earn the right to receive some benefits?

MORE YEARS

73 s17. What is the youngest age or the minimum years of service at which (he/she)

could receive full retirement benefits from the main or basic pension plan? (CHECK ALL THAT APPLY AND SPECIFY AGE, YEARS, OR COMBINATION).

(AGE)

(AGE) AND (YEARS)

WHEN AGE PLUS YEARS - (TOTAL)

OTHER

[-&KK-i

~18. If (he/she) wished to, could (he/she) retire earlier and receive reduced benefits from this plan?

I I I 1 15. NO1 18. DON'T KNOW 1

s19. What is the youngest age or the minimum years of service at which (he/she) could retire and begin drawing at least partial benefits from the main or basic pension plan? (CRECR ALL THAT APPLY AND SPECIFY AGE, YEARS, OR COMBINATION.)

Lib. (YEARS)

a C.

(AGE) AND (YEARS)

q d. WHEN AGE PIUS YEARS = (TOTAL)

17 e.OTHRR

74 szo.

s21.

At what age does or basic pension

(he/she) expect to start receiving benefits from the main plan?

AGE

In total, how much does (he/she)expect to receive from all parts of the pension plan(s), per month or year, or as a proportion of (his/her) pay at the time (he/she) retires?

$ PER 0 OR X OF PAY

0 OR

s22. Did (he/she) make any contributions to any part of the pension plan(s) during 1982, such as by having money deducted from (his/her) pay?

S22a. Is (he/she) required to contribute?

,

GO TO S22d

S22b. What amount or percent of (his/her) pay is (he/she) required to contribute?

% OF PAY @ $ PER

S22c. Does (he/she) also make voluntary contributions?

S22d. What aswunt or percent of (his/her) pay did (he/she) voluntarily contribute in 1982?

% OF PAY @ $ PER

S23a. Does (his/her) employer make contributions to (his/her) account?

1. YES

P

CO TO S23c

S23b. What amount or precent of pay did (his/her) employer contribute to (his/her) account in 1982?

$ PER @ 0 % OF PAY

S23c. What is the approximate dollar amount -in (his/her) account now?

S

S23d. How much could (he/she) withdraw from this account today if (he/she) were to leave this employer?

$ @ 0 X OF ACCOUNT BALANCE

75

S23. Some pension plans have a definite formula based on years of service or salary. Some plans base benefits on how much money has accumulated in a person’s account. Other plans use both ways of setting benefits. How are the benefits for your (husband’s/wife’s) pension determined, (including the optional/second plan) --by a definite formula based on years of service or salary, or by the amount of money in (his/her) account, x

e[rT, r,,,$-1 Ej,

I-

76 S24. (Excluding the pension plans you already mentioned), does your (husband/

wife) participate on this job in any tax-deferred compensation or savings plan, such as a "thrift" or a profit sharing plan?

1. YES

_5?

INOt-> TURN TO P. 77, S25

S24a. What is the name of the plan?

TURK TO P. 77, s25

S24b. Did (he/she) make any contributions to this plan during 1982, such as by having money deducted from (his/her) pay?

1. YES

7

5. NO 8. DON‘T KNOW

I I GO TO S24d

S24c. What amount or percent of (his/her) pay did (he/she) contribute in 1?82?

% OF PAY @ $ PER

S24d. (IF NOT SELF-EMPLOYED) Does (his/her) employer make contributions to this pIan?

1. YES

7.

5. NO 8. DON'T KNOW

I 1 GO TO S24f

S24e. What amount or percent of pay did (his/her) employer contribute in 1982?

$ PER 0 OR % OF PAY

0 OR S24f. What is the approximate dollar amount in (his/her) account now?

$ IGzGz-1

S24g. How much could (he/she) withdraw from this account today if (he/she) were to leave this employer?

$ 0 OR X OF ACCOUNT BALANCE DOE'T

cl KNOW

L

77

s25.

S26.

s27.

INTERVIEWER CHECKPOINT: t

a 1. SPOUSE IS RETIRED/DISABLED IN Sl ANX) IS CURRESTLY WORKING FOR PAY--t TURN TO P. 78x28, COLL'MN A

2. ALL OTHERS

Has (he/she) worked for pay for any other employer, or was (he/she) self- employed on any prior job?

TURN TO P. 84, SSO

I'd like to ask you about the longest prior job (he/she) has had . . . TURN TO P. 78, S28, COLUMN C.

78 COLC?t: A

RETIRED/DISABLED

S28. What was

COLUMN A

COLUMN B

COLUMN c

COLUMN D

the official title of (his/her) job . . .

(before [he/she] became retired/disabled'

(on [his/her] last paid job?)

(on [his/her] longest prior job?)

(from which [he/she] expects or now receives a pension?)

S28a. What sort of work did (he/she) do on this job?

S28b. Tell me a little more about what (he/she) did.

s29. What kind of business or industry did (he/she) work in-- that is, what did they make or do at the place where (he/she) worked?

s30. Was (he/she) self-employed on this job?

s31. About how many other employees worked for this company or organization, including all locations--fewer than one hundred or more than one hundred employees?

S32. Was this employer a unit or agency of the federal government, a state or local government, a public school or college, a private school or college, or any branch of the military service?


TURX TO I P. 80, S33

1

1. FEWER THAS 100

_

(l.FEDERAL]

12. STATE OR LCCAL 1

3. PUBLIC SCHOOL 1

4. PRIVATE SCHOOL

COLUPS B

UNE?lPLOYED/STUDENT/HOUSEWIFE

COLUMK c

LONGEST PRIOR JOB

COLUXX D

OTHER JOB WITH PEYiSIOh'

(OFFICIAL JOB TITLE) (OFFICIAL JOB TITLE) QFFICIAL JOB TITLE)

(1. FEDERAL) 11. FEDERAL1 [1-l

12. STATE OR LOCAL 1 -2. STATE OR LOCAL [ 12. STATE OR LOCAL1

3. PUBLIC SCHOOL 1 3. PUBLIC SCHOOL1 3. PUBLIC SCHOOL ]

4. PRIVATE SCHOOL 1 , 4. PRIVATE SCHOOL 1 4. PRIVATE SCHOOL 1

15. MILITARY1 5. MILITARY1 5. XILITARY]

16.] 16.j 16.(

80 COLLW A

RETIRED/DISASiED

s33. In what month and year did (he/she) stop working for (this employer/himself/herself)?

MOhlH / YEAR

s34. How many years did (he/she) work for (this employer/himself/herself)?

s35. About how many paid hours did (he/she) work on this job in an average week?

S36. How many weeks per year did (he/she) work on this job in a normal year, including paid vacation?

s37. How much did (he/she) earn before taxes during a typical week or month when (he/she) left this job?

S38. Was (he/she) covered on this job by a union or employee-association contract?

I HOURS PER VEEK

I fi WEEKS

$ PER

s39. Was (he/she) covered by Social Security on this job?

s40. INTERVIEWER CHECKPOINT:

s41. Does (he/she) currently receive retirement, disability or other pension benefits from this employer, not including Social Security (or Railroad Retirement)?

S41a. How many years has (he/she) received these benefits?

S41b. How much did (he/she) receive in 1982?

cl 1. SPOUSE WAS SELF- EMPLOYED ON THIS .lC TLJRX TO P. 82, S47

17 2. ALL OTHERS 1

V

1. YES

TURR TO P. 82, S42

v

#YEARS@

I SINCE: (YEAR)

I $ PER

TURli TO P. 82, S46

COLUM?i B coLL?Z c COL!X: D

LONGEST PRIOR JOB OTHER JOB U/pLI'SI@':

81

HOO::iE / YEAR

11 YEARS

HOL-RS PER WEEK

d YEARS

HOURS PER WEEK

# YEARS

HOtRS PER VEEI:

I WEEKS #WEEKS I WEEKS

$ PER S PER $ PER

a 1. SPOUSE WAS SELF- q 1. SPOUSE WAS S!XF- cl 1. SPOCSE WAS SELF- EMPLOYED ON THIS JOB EMPLOYED ON THIS JOI EMPLOYED Oh' THIS JCZ TCRs TO P. 82, S48 TURX TO P. 82, S49 TUR?r TO P. 84, s50

2. ALL OTHERS 2. ALL OTHERS

TUR.'i TO TURN TO TUM TO P. 82, 542 P. 82, S42 P. 82, S43

v v v

#YEARS@ #YEARS@

SIECE: SINCE: SINCE: (SEAR) (YEAR) CYf;AR)

s PER $ PER $ PER mw TO P. 82; ';46 Tl7R.X TO P. 82, S46 TURs TO P. 82. S46

82

S42.

s43.

s44.

s4s.

S46.

s47.

~48.

s49.

Does (he/she) expect to. receive retirement or other pension benefits from this employer at some future time?

At what age does (he/she) expect ing benefits from this aaployer?

to start receiv

How much does (he/she) expect to receive in benefits from this pension plan per month or per year?

Some pension plans have a definite formula baaed on years of service or salary. Some plans base benefits on how much money has accumulated in a person’s accost. Other plans use both ways of setting benefits. How were the benefits for (his/her) pension determined-by a definite formula based on years of service or salary, or by the amount of svney in (his/her) a-count z in both ways?

Did this plan cover people vho worked for other employers as well as (his/her) own?


Has (he/she) worked for pay for any other employer, or was (he/she) self-employed on any prior job?

Does (he/she) expect to or does (he/she) now receive a pension from any employer other than the ones we have already talked about?

coLL?% A

RETIRED/DISABLED

AGE

$

0 OR

PER

1. DEFIRITE FORXLA

1 2. MCRET IS ACCCLX

(1

8. DOR ‘T KNOW 1

a 1. SPOUSE RETIREDIDIS- ABLED &Q IS CURREST- LY WORKING FOR PAY-- GO TO S49

j32. ALLOTHERS .--

V

TO S28, F. 84, SSO COLUHN c

il.1 L-1 TURN BACK TlJRX TO TO S28 P. 84, SSO COLUMN D

COLLrn B COLUMX c COLL?lS D 83 UNEMPLOYED/STUD~T/H~US~IFE LONGEST PRIOR JOB OTHER JOB W/PEGSIOS

PER

f 2. MOSEY IN ACCOLYT] 12. MONET IS ACCOY::

................... ................. ..=~......~ ...... .................................... ................................................................ ........................................................................... .......................... .......................................................................... ......................................... .._._._._._._._._._._. . ............................................. ............................ ............................. ._._._._._._.ff_._.&.~.2f2 ......................................................... .......~~=~~~~=~....~ . ....................................................... .f_._.~.&..._._._....._.f.... . ............................................. ............................................. ............................................. ~~.~..~.2.~~..~.~~..~.......~~~....~~~~......~ ......................... ............................................. ............................................. ............................................. ........................................................................... ..~~~~~~~~~....~~..~~~~

. ..................... ..=2........~..........~........~~~.......~ ...................................... .~~~~~~~..~~..~==~~~~ .... ............................................... .................................................. ..=..==~..~~~~~~===~~ .... ............................................. ............................................ . . .................................................................................. . . . . .................................................................................. .ZZZZ.~~...~.~.~~......~..~~~....~~~..~~.............~.........~ ..... ............................................. ............................................. ............................................. .............................................

IYYFYEj 15.1 TURN BACK TURN TO

84 s50. How many different employers has (he/she) worked for in full-time jobs lasting one year or longer?

# PULL-TIME JOBS 96. NEVER HAD PULL-TIME JOB ’

R50a. Does (he/she) expect to work full-time in the future?

~~3~1~IX)N'T

GO TO S54

S51. At what age did (he/she) begin working for pay at (his/her) first full-time job lasting one year or longer?

AGE

S52. Since (he/she) first started working, have there been any times when (he/ she) did not work for a year or longer on a full-time job because of home and child-rearing duties, years spent in retirement, because of unemployment, illness, or for any other reason?

1. YES

7

15.++GG

S52a. Excluding these times, about how worked full-time for pay?

TO S53

many years in total has (he/she)

#YEARS PULL-TIME

s53. At what age does (he/she) expect to stop working for pay at a full-time job?

AGE 95. NEVER STOP ALREADY STOPPED

1 GO TO R54

7 S53a. At what age did (he/she) stop working for pay at a full-time job?

AGE

S54. (In addition to full-time jobs), about how many years in total has (he/she) worked part-time for pay, counting only part-time jobs that lasted a year or longer?

# YEAR.9 PART-TIME 96. NEVER HAD PART-TIME JOB

s55. At what age does (he/she) expect to completely stop working on any paid job, including part-time jobs held during retirement years?

AGE 95. NEVER STOP I I

TURN TO P. 85, S56

S55a. At what age did (he/she) stop working for pay! AGE

8, E S56. Is (he/she) currently receiving any Social Security payments on the

basis of (his/her) own past contributions? (GREEN CHECR, NOT GOLD CHECK).

pi- GO TO S57

S56a. Are the payments for retirement or disability benefits?

S56b. How long has (he/she) received these benefits?

# YEARS @ SINCE (YEAR)

S56c. How much did (he/she) receive in benefits from Social Security per month in 1982?

$ PER

TURN TO P. 86, S58

s57. Does (he/she) expect to be eligible for Social Security benefits in the future on the basis of (his/her) oun contributions?

1. YES 9 (5.+--+ GO TO S57c

S57a. At what age does (he/she) expect to start receiving Social Security benefits?

AGE

S57b. HOW much does (he/she) expect to receive in benefits from Social Security per month or year, or as a proportion of (his/her) pay at the time (he/she) retires?

$ PER 0 OR % OF PAY

0 OR

s57c. About how many years has (he/she) held paid jobs on which (he/she) contributed to Social Security?

8 YEARS

86 ssa.

s59.

S60.

What is the month and year of (his/her) birth?

MONTH/YEAR

Has (he/she) wer been in the military service?

What is the highest grade of school or year of college [he/she) completed?

S60a. Did (he/she) get either a high school diploma S6Ob. Did (he/she) have a or pass a high school equivalency test? college degree?

S61. How would you describe (his/her) health--excellent, good, fair or poor?

SECTION T: INCOME 87 Tl. We have talked about various sources of income. Now we would like to get the

overall picture of all the different sources of income that you (and members of your family living here) had in 1982. Did (you/anyone) have income from wages and salaries, including bonuses, overtime and commissions? (RECORD IN COLUMN Tl AND ASK T2 FOR EACH SOURCE OF INCOME AS IT IS MENTIONED.)

T2. In total, how much income from (SOURCE) was received by you (and your family living here) in 1982 before deductions for taxes and anything else? (RECORD IN COLUMN T2.)

a.

b.

C.

d.

e.

f.

h.

j.

k.

m.

n.

WAGES OR SALARY?

A professional practice, business, or farm (not mentioned above)?

Non-taxable investments such as municipal bonds or IRA’s?

Other interest income?

Dividends?

Net gains from the sale of stocks, bonds, or real estate?

Rent, trust income, or royalties from any other investment or business?

Worker's or unemployment compensation?

Child support, alimony, inheritance, gifts, or any financial support from relatives or friends?

ADC, AFDC, food stamps, or other assistance, such as SSI? (GOLD CHECKS

Income from other retirement, annuity, pension, disability, or sur- vivor's benefits, including employer pension benefits already mentioned?

Did you (or anyone in your family living here) have income from any other sources? (What other sources?)

q 5. NO 1 1. YES k

T2

$

T3. How much ~tas the total income you (and your family living here) received from all sources, before taxes and other deductions were made?

88

T4. During 1982, did you (or anyone or child support or provide any friends who do not live here?

in your family living here) pav any alimony other financial support of relatives or

15. NO+ GOTOT

T4a. How much did you (or anyone in your family living here) pay in 1982?

s

T5. These are all the questions in this interview. Do you have any questions or comments you would like to add?

T!ia. EXACT TIME NOW:

89

T6. END OF INTERVIEW CHECKPOINT: RESPOhDENT EMPLOYMENT/PENSION

cl 1. R HAS NEVER WORKED FOR PAY (NO AT Rld)d GO TO T7

Cl 2. R IS COVERED BY PENSION ON CURRENT JOB (YES AT R15), OR EXPECTS FUTURE PENSION FROM ANY PRIOR JOB (YES AT R42)-GO TO T7

Cl 3. ALL OTHERS ------;cGO TO T7

T7. END OF INTERVIEW CHECKPOINT: SPOUSE EMPLOYMENT/PENSION

cl 4. R IS NOT MARRIEDNGO TO T8

cl 5. HUSBAND/WIFE NEVER WORKED FOR PAY (NO AT Sld)-GO TO T8

cl 6. HUSBAND/WIFE IS COVERED BY PENSION ON CURRENT JOB (YES AT S15), OR EXPECTS FUTURE PENSION FROM ANY PRIOR JOB (YES AT S42)JGO TO T8

cl 7. ALL OTHERS+GO TO T8

T8. INTERVIEWER: TURN TO COVER SHEET, P. 2, 21.

NOTE: THE NUMBERS IN THE BOXES AT 21 AND 24 IN THE COVER SHEET MATCH CHECKBOXES IN T6 AND T7 ABOVE.

90 SECTION X: INTERVIEWER OBSERVATIONS

COMPLETE THE FOLLOWING QUESTIONS BY OBSERVATION:

Xl. SEX OF R:

X2. RELATIONSHIP OF R TO INFORMANT:

x3. RACLAL OR ETHNIC GROUP:

x4. THE HOUSEHOLD MEKBERS SHOWN ON PAGE 8 OF THE COVER SHEET ARE LISTED BY RELATIONSHIP TO THE INFORMART.

RELIST THE HOUSEHOLD MEMBERS IN THE LISTING BOX BELOW TO SHOW RELATION- SHIP TO THE RESPONDENT (PERSON ASRED SECTION R).

HOUSEHOLD MEMBERS BY RELATIONSHIP TO R SEX AGE 1. RESPONDENT

2.

3.

4.

5.

6.

7. I I

I I

9.

10.

I I

X5.

X6.

x7.

X8.

x9.

x10.

TYPE OF STRUCTURE IN WHICH FAMILY LIVES: 91

I 01. TRAILER; MOBILE HOME

02. DETACHED SINGLE FAMILY HOUSE

05. DETACHED 3-4 FAMILY HOUSE

o6 ROW HOUSE (3 OR MORE UNITS ' IN AN ATTACHED ROW)

o7 APARTMENT HOUSE (4 OR * FEWER UNITS)

APARTMENT HOUSE (5 OR MORE ' UNITS, 3 STORIES OR LESS)

og APARTMENT HOUSE (5 OR MORE ' UNITS, 4 STORIES OR MORE)


R'S UNDERSTANDING OF THE QUESTIONS WAS...

pzq [GM)D [3.\

R'S ABILITY TO EXPRESS (HIMSELF/HERSELF) WAS...

(1 piq pK-] pq

WAS R SUSPICIOUS ABOUT THE STUDY BEFORE THE INTERVIEW?

piizi=--'~/p~

WAS R SUSPICIOUS ABOUT THE STUDY AFTER THE INTERVIEW?

OVERALL, HOW GREAT WAS R'S INTEREST IN THE INTERVIEW?

I-11-I

) 1. ;;; 1 12. ;;EGE 1 13. AVERAGE 4 BELOW . AVERAGE I

92 x11. OTHER PERSONS PRESENT AT IKTERVIEW; (CHECK ALL THAT APPLY)

x12. DID R REFER TO DOCUMENTS TO ANSWER QUESTIONS?

1. FREQUENTLY 3. SOMETIMES 1 [MARELY~ pz-1

t I GO TO Xl4

x13. WHICH DOCUMENTS DID R REFER TO? (CHECK ALL THAT APPLY)

I I

x14. R'S EMPLOYER/PENSION PROVIDER LISTED ON CORRESPONDS TO:

COVER SHEET (Z2a or Z2b)

I 4 INCOME TAX * RETURN I

u 1. R'S JOB LISTED ON PAGE ,

cl 5. NO EMPLOYER/PENSION PROVIDER

(COLUMN_).

ADDRESS ON COVER SHEET

x15. SPOUSE'S EMPLOYER/PENSION PROVIDER LISTED ON COVER SHEET (Z5a OR 25b) CORRESPONDS TO:

cl 1. SPOUSE'S JOB LISTED ON PAGE ,

cl 5. NO EMPLOYER/PENSION PROVIDER ADDRESS ON COVER SHEET

93

x15. THUMBNAIL SKETCH:

1983 survey of consumer finances - federal reserve · b6. do you (or anyone in your family living...

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