Assets Summary Variables
RR020RE-RR023REC Home ownership, value of home, amount owed,
and home equity.
RR024RE-RR027REC Other real estate ownership, value of, amount
owed, and equity.
RR028RE-RR031REC Business or farm ownership, value of, amount
owed, and equity.
RR032RE-RR035REC Motor vehicle ownership, value of, amount owed,
and equity.
RR036RE-RR039RE Debt not including mortgage, vehicle or previously
reported real estate.
RR040RE-RR041RE Value of savings and investments.
RR042REC Bracketed value of debts.
RR043REC-RR045REC Respondent net worth and flags indicating number
of missing and valid reports of assets included
in net worth.
Frequencies
Columns VName Codes Description Men Women
1- 6 IDUSER Respondent identification number.
001006-434002
NOTE: Variables RR001RE-RR019RE were purposefully omitted.
7- 8 RR020RE Do you own your own home
or are you renting?
(814m, s814m)
01 OWN HOME 3529 3951
02 RENT HOME 291 417
03 LIVES WITH PARENT(S) 22 21
04 LIVES WITH CHILD(REN) 1 5
05 LIVES WITH OTHER RELATIVE(S) 1 6
06 LIVES WITH OTHER NON-RELATIVE(S) 6 2
07 LIVES IN CHURCH-OWNED OR RELIGIOUS 9 11
ORGANIZATION-OWNED HOME
08 OTHER 15 18
97 DON'T KNOW 2 0
99 REFUSED, NOT ASCERTAINED 105 81
9-15 RR021RE How much do you think your home
would sell for now? (updated 8/96)
(814s)
0005000 $5000 OR LESS 7 7
6000-975000 $6000-$975000 3390 3697
0999999 $999,999 OR MORE 11 6
9999997 DON'T KNOW 46 155
9999998 INAPPROPRIATE (DOESN'T OWN A HOME) 452 561
9999999 REFUSED, NOT ASCERTAINED 75 86
NOTE: When graduate reported home and farm value/debt together, the
answers were most often bundled when they were asked the home value. In
the coding it was decided to leave home value blank (missing) and record
the joint value under farm.
NOTE: $999,999 was the maximum amount allowed in the questionnaire.
16-22 RR022RE How much, if anything, do you owe
on your home? (updated 5/96,8/96)
(814z)
0000000 OWE NOTHING 1212 1659
200-340000 $200-$340,000 2161 1981
0350000 $350,000 OR MORE 8 5
9999997 DON'T KNOW 45 190
9999998 INAPPROPRIATE (DOESN'T OWN A HOME) 452 561
9999999 REFUSED, NOT ASCERTAINED 103 116
NOTE: When graduate reported home and farm value/debt together, the
answers were most often bundled when they were asked the home value. In
the coding it was decided to leave home value blank (missing) and record
the joint value under farm.
NOTE: $999,999 was the maximum amount allowed in the questionnaire.
NOTE: In the public release, this variable is top-coded at $350,000.
23-29 RR023REC Home equity. (updated 5/96,8/96)
(814s, 814z)
-015000 $15,000 OR MORE IN DEBT 7 3
-14500--1000 $1,000 - $14,500 IN DEBT 7 6
0000000 $0 17 15
500-850000 $500-$850,000 3297 3498
0900000 $900,000 OR MORE 7 2
9999996 UNDETERMINED DUE TO TOP-CODING 6 3
9999997 DON'T KNOW 80 305
9999998 INAPPROPRIATE (DOESN'T OWN A HOME) 452 561
9999999 REFUSED, NOT ASCERTAINED 108 119
NOTE: When graduate reported home and farm value/debt together, the
answers were most often bundled when they were asked the home value. In
the coding it was decided to leave home value blank (missing) and record
the joint value under farm.
NOTE: $999,999 was the maximum amount allowed in the questionnaire for
value of home (RR021RE) and amount owed (RR022RE).
If RR021RE is $999,999 and RR022RE is any valid amount other than
0, then RR023REC is 9999996. If RR021RE is $999,999 and RR022RE
is 0, then RR023REC is 999999.
NOTE: In the public release, this variable is top-coded at $900,000
and bottom-coded at -$15,000.
30-30 RR024RE Do you own any other real estate?
(updated 8/96) (816f)
1 YES 1432 1435
2 NO 2435 2985
7 DON'T KNOW 2 2
9 REFUSED, NOT ASCERTAINED 112 90
31-37 RR025RE How much do you think this other
real estate would sell for now?
(updated 8/96) (816m)
0000000 NOTHING 8 7
10-950000 $10-$950,000 1331 1239
0999999 $999,999 OR MORE 37 18
9999997 DON'T KNOW 33 147
9999998 INAPPROPRIATE (DOESN'T OWN OTHER REAL 2549 3077
ESTATE)
9999999 REFUSED, NOT ASCERTAINED 23 24
NOTE: $999,999 was the maximum value allowed in the questionnaire.
38-44 RR026RE How much, if anything, do you owe
on your other real estate? (updated
8/96) (816z)
0000000 OWE NOTHING 843 914
10-800000 $10-$800000 537 405
0999999 $999,999 OR MORE 11 0
9999997 DON'T KNOW 16 86
9999998 INAPPROPRIATE (DOESN'T OWN OTHER 2549 3077
REAL ESTATE)
9999999 REFUSED, NOT ASCERTAINED 25 30
NOTE: $999,999 was the maximum value allowed in the questionnaire.
45-51 RR027REC Other real estate equity.
(updated 5/96,8/96) (816m, 816z)
-015000 $15,000 OR MORE IN DEBT 5 4
-11000--5000 $5,000 - $11,000 IN DEBT 4 2
0000000 $0 15 12
10-950000 $10-$950,000 1300 1184
0999999 $999,999 OR MORE 11 6
9999996 UNDETERMINED DUE TO TOP-CODING 25 10
9999997 DON'T KNOW 44 189
9999998 INAPPROPRIATE (DOESN'T OWN OTHER 2549 3077
REAL ESTATE)
9999999 REFUSED, NOT ASCERTAINED 28 28
NOTE: $999,999 was the maximum amount allowed in the questionnaire for
value of other real estate (RR025RE) and amount owed (RR026RE).
If RR025RE is $999,999 and RR026RE is any valid amount other than
0, then RR027REC is 9999996. If RR025RE is $999,999 and RR026RE
is 0, then RR027REC is 999999.
NOTE: In the public release this variable is bottom-coded at -$15,000.
52-52 RR028RE Do you own a business or farm?
(818)
1 YES 1002 851
2 NO 2868 3573
7 DON'T KNOW 3 1
9 REFUSED, NOT ASCERTAINED 108 87
53-59 RR029RE How much do you think this
business or farm would sell for
now? (818f)
0000000 NOTHING 75 55
10-999998 $10-$999998 725 516
0999999 $999,999 OR MORE 73 42
9999997 DON'T KNOW 104 212
9999998 INAPPROPRIATE (DOESN'T OWN A 2979 3661
BUSINESS OR FARM)
9999999 REFUSED, NOT ASCERTAINED 25 26
NOTE: When graduate reported home and farm value/debt together, the
answers were most often bundled when they were asked the home value. In
the coding it was decided to leave home value blank (missing) and record
the joint value under farm.
NOTE: $999,999 was the maximum value allowed in the questionnaire.
60-66 RR030RE How much, if anything, do you owe
on your business or farm? (818z)
0000000 NOTHING 623 503
10-912000 $10-$912000 303 232
0999999 $999,999 OR MORE 11 4
9999997 DON'T KNOW 36 83
9999998 INAPPROPRIATE (DOESN'T OWN A 2979 3661
BUSINESS OR FARM)
9999999 REFUSED, NOT ASCERTAINED 29 29
NOTE: When graduate reported home and farm value/debt together, the
answers were most often bundled when they were asked the home value. In
the coding it was decided to leave home value blank (missing) and record
the joint value under farm.
NOTE: $999,999 was the maximum value allowed in the questionnaire.
67-73 RR031REC Business or farm equity.
(updated 5/96,8/96) (818f, 818z)
-050000 $50,000 OR MORE IN DEBT 9 1
-44000--951 $951 - $44,000 IN DEBT 11 6
0000000 $0 70 54
100-999998 $100-$999,998 697 487
0999999 $999,999 OR MORE 34 17
9999996 UNDETERMINED DUE TO TOP-CODING 33 20
9999997 DON'T KNOW 118 237
9999998 INAPPROPRIATE (DOESN'T OWN A 2979 3661
BUSINESS OR FARM)
9999999 REFUSED, NOT ASCERTAINED 30 29
NOTE: When graduate reported home and farm value/debt together, the
answers were most often bundled when they were asked the home value. In
the coding it was decided to leave home value blank (missing) and record
the joint value under farm.
NOTE: $999,999 was the maximum amount allowed in the questionnaire for
value of farm or business (RR029RE) and amount owed (RR030RE). If
RR029RE is $999,999 and RR030RE is any valid amount other than 0,
then RR031REC is 9999996. If RR029RE is $999,999 and RR030RE is 0,
then RR031REC is 999999.
NOTE: In the public release this variable is bottom-coded at -$50,000.
74-74 RR032RE Do you own any motor vehicles,
including cars, trucks, campers,
boats, and other RVs? (818s)
1 YES 3783 4260
2 NO 92 168
7 DON'T KNOW 2 1
9 REFUSED, NOT ASCERTAINED 104 83
75-80 RR033RE Altogether how much do you think
these vehicles would sell for now?
(820m)
000000 NOTHING 8 16
10-99000 $10-$99000 3614 3648
099999 $99,999 OR MORE 46 30
999997 DON'T KNOW 78 535
999998 INAPPROPRIATE (DOESN'T OWN VEHICLES) 198 252
999999 REFUSED, NOT ASCERTAINED 37 31
NOTE: $99,999 was the maximum value allowed in the questionnaire.
81-86 RR034RE How much, if anything, do you owe
on these vehicles? (updated 5/96)
(820z)
000000 NOTHING 2524 2856
30-55000 $30-$55,000 1188 1198
060000 $60,000 OR MORE 6 6
999997 DON'T KNOW 24 161
999998 INAPPROPRIATE (DOESN'T OWN VEHICLES) 198 252
999999 REFUSED, NOT ASCERTAINED 41 39
NOTE: $99,999 was the maximum value allowed in the questionnaire.
NOTE: In the public release, this variable is top-coded at $60,000.
87-92 RR035REC Motor vehicle equity.(updated 5/96,8/96)
(820m, 820z)
-07000 $7,000 OR MORE IN DEBT 8 2
-6000--460 $460 - $6,000 IN DEBT 16 31
000000 42 75
12-99000 $12-$99000 3538 3482
099999 $99,999 OR MORE 32 18
999996 UNDETERMINED DUE TO TOP-CODING 14 11
999997 DON'T KNOW 90 603
999998 INAPPROPRIATE (DOESN'T OWN VEHICLES) 198 252
999999 REFUSED, NOT ASCERTAINED 43 38
NOTE: $99,999 was the maximum amount allowed in the questionnaire for
value of vehicle (RR033RE) and amount owed (RR034RE). If
RR033RE is $99,999 and RR034RE is any valid amount other than 0,
then RR035REC is 999996. If RR033RE is $99,999 and RR034RE is 0,
then RR035REC is 99999.
NOTE: In the public release this variable is bottom-coded at -$7,000.
93-93 RR036RE People often owe money for credit
cards, installment loans, overdue
bills, and personal loans for
schooling or other purposes. Do
you owe a total of $5,000 or more
for anything other than mortgages,
vehicles, or real estate that we
have already talked about? (820n)
1 YES 304 369
2 NO 3538 4034
7 DON'T KNOW 6 8
9 REFUSED, NOT ASCERTAINED 133 101
94-99 RR037RE Direct report of respondent's debts
other than mortgage, car, and business
loans. (updated 5/96)(820s)
5000-65000 $5,000-$65,000 280 322
070000 $70,000 OR MORE 8 2
999997 DON'T KNOW 11 33
999998 INAPPROPRIATE (RR036RE ^= 1) 3677 4143
999999 REFUSED, NOT ASCERTAINED 5 12
NOTE: In the public release, this variable is top-coded at $70,000.
100-100 RR038RE Would respondent's other debt amount to
$10,000 or more? (821f)
1 YES 5 12
2 NO 4 17
7 DON'T KNOW 2 4
8 INAPPROPRIATE (RR037RE ^= 999997) 3970 4479
NOTE: RR038RE only has responses for those R's who indicate they owe at
least $ 5000 in RR036RE and then respond with don't know for
amount in RR037RE.
101-101 RR039RE Would respondent's other debt amount to
$25,000 or more? (821m)
1 YES 2 7
2 NO 3 3
7 DON'T KNOW 0 2
8 INAPPROPRIATE (RR038RE ^= 1) 3976 4500
102-109 RR040RE Total value of respondent and
spouse's savings. (822)
00000000 NONE 195 302
10-1500000 $10-$1,500,000 3256 3152
02000000 $2,000,000 OR MORE 17 6
99999997 DON'T KNOW 148 568
99999999 REFUSED, NOT ASCERTAINED 365 484
NOTE: $10,000,000 was the maximum value allowed in the questionnaire.
NOTE: In the public release, this variable is top-coded at $2,000,000.
110-117 RR041RE Total value of respondent and
spouse's investments. (822f)
00000000 NONE 1062 1286
38-1800000 $38-$1,800,000 1702 1391
02000000 $2,000,000 OR MORE 19 8
99999996 INVESTMENTS INCLUDED IN SAVINGS REPORT 684 626
99999997 DON'T KNOW 162 715
99999999 REFUSED, NOT ASCERTAINED 352 486
NOTE: $10,000,000 was the maximum value allowed in the questionnaire.
NOTE: In the public release, this variable is top-coded at $2,000,000.
118-118 RR042REC Bracketed value of debts other than
mortgage, car, and business loans.
(updated 5/96,8/96) (820s, 821f, 821m)
0 LESS THAN $5,000 3538 4034
1 $5,000-$9,999 136 227
2 $10,000-$24,999 110 89
3 $25,000 OR MORE 51 35
7 DON'T KNOW 8 14
9 REFUSED, NOT ASCERTAINED 138 113
119-126 RR043REC Respondent's total asset net worth.
(updated 5/96,8/96) (814s,814z,816m,816z,
818f, 818z, 820m, 820z, 820s, 822, 822f)
-0045000 $45,000 OR MORE IN DEBT 8 2
-39500--460 $460 - $39,500 IN DEBT 18 29
00000000 NONE/MISSING 177 328
65-1995000 $65-$1,995,000 3634 4059
02000000 $2,000,000 OR MORE 21 16
99999996 UNDETERMINED DUE TO TOP-CODING 123 78
NOTE: $999,999 was the maximum amount allowed in the questionnaire for
many of the components of this sum. If any component was top-coded
during data collection, then RR043REC is 99999996.
NOTE: WARNING: zeros are used for don't knows and refusals when computing
the sum. Thus the code "0" can indicate either no assets or don't know/
refused for all items summed for net worth. RR044REC indicates the
number of occurrences of don't knows and refusals in the sum. RR045REC
indicates the total number of reports of assets included in the sum.
NOTE: In the public release, this variable is top-coded at $2,000,000
and bottom-coded at -$45,000.
127-127 RR044REC Number of missing reports included in
respondent's total asset net worth. (RR043REC)
(added 3/97) (814s,814z,816m,
816z,818f,818z,820m,820z,820s, 822, 822f)
0 NO MISSING REPORT 3158 2686
1 ONE MISSING REPORT 337 681
2 TWO MISSING REPORTS 326 625
3 THREE MISSING REPORTS 83 273
4 FOUR MISSING REPORTS 50 161
5 FIVE MISSING REPORTS 16 66
6 SIX MISSING REPORTS 11 18
7 SEVEN MISSING REPORTS 0 2
128-128 RR045REC Number of valid reports of assets included in
respondent's total asset net worth. (RR043REC)
(added 3/97) (814s,814z,816m,
816z,818f,818z,820m,820z,820s, 822, 822f)
0 NO VALID ASSET REPORTS 163 255
1 ONE VALID ASSET REPORT 77 253
2 TWO VALID ASSET REPORTS 216 541
3 THREE VALID ASSET REPORTS 649 1011
4 FOUR VALID ASSET REPORTS 1526 1471
5 FIVE VALID ASSET REPORTS 1005 782
6 SIX VALID ASSET REPORTS 334 181
7 SEVEN VALID ASSET REPORTS 11 18
Data last updated