The 2024A data update will feature a completely redesigned and significantly improved ‘assets and debts’ database which we will be renaming as the Household Finance database.
The main features of the database include:
- Update to the 2022 Survey of Consumer Finances (SCF), which is released by the Federal Reserve every three years.
- Direct modeling of the survey at the individual response level using the AGS synthetic household model. This model uses multiple level relationships such as Tenure – Vehicles Available – Income to create estimates that preserve much more of the variation inherent in household level data that is often lost when modeling from survey summary statistics.
- Expanded coverage of asset sub-categories which now include detailed breakouts of many of the asset and debt classes, such as the distinction between mortgages and real estate secured lines of credit.
- Additional summary variables including late payments, bankruptcies, and debt-to-income ratios.
The following tabulations are available for both all households and just those reporting the particular asset or debt category:
| Category | Sub-Category | Elements |
| Financial Assets | Liquid Assets (Transaction Accounts) | Money Market Funds
Checking Accounts Savings Accounts Call Accounts Prepaid Cards |
| Certificates of Deposit | ||
| Directly Held Pooled Investment Funds (Mutual Funds) | Stock
Tax-Free Bond Government Bond Other Bond Combination Funds Other Mutual Funds |
|
| Savings Bonds | ||
| Directly Held Stocks | ||
| Directly Held Bonds | Tax Exempt
Mortgage-Backed Govt/Govt Agency Corporation |
|
| Retirement Accounts | IRA/Keough Tax Deferred
Employer Based 401k Future Pensions Currently received pensions |
|
| Life Insurance Cash Value | ||
| Managed Assets | Annuities
Trusts |
|
| Other Financial Assets | ||
| Non-Financial Assets | Vehicles | |
| Primary Residence | ||
| Non-Primary Residence | ||
| Other Real Estate Investment Assets | ||
| Business Assets | Active participation
Inactive participation |
|
| Other Non-Financial | ||
| Debts | Debt Secured By Primary Residence | Mortgage/Home Equity Loans
HELOC |
| Line of Credit, not secured by primary residence | ||
| Other Residential Debt | ||
| Credit Card | ||
| Installment Loans | Vehicle
Education Other Installment Loans |
|
| Other Miscellaneous Debt | ||
| General | Credit Status | Zero Credit Card Balance
Late payment Use of payday loans Credit applications Denial of credit
|
| Summary | Net Worth | Total Financial Assets
Total Non-Financial Assets Total Assets Total Debts Net Worth |
| Financial Health and Risk | Debt-To-Income Ratio
Home Equity |
The map below shows the percentage of applications for credit which are denied, by block group, for Louisville KY-IN:
This new database will be available with the 2024A release in early May, 2024.
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