The following paragraph describes the data set:
“The Survey of Consumer Finances (SCF) is normally a triennial cross-sectional survey of U.S. families. The survey data include information on families’ balance sheets, pensions, income, and demographic characteristics. Information is also included from related surveys of pension providers and the earlier such surveys conducted by the Federal Reserve Board. No other study for the country collects comparable information. Data from the SCF are widely used, from analysis at the Federal Reserve and other branches of government to scholarly work at the major economic research centers.”[1]
Here are some questions that can be addressed using this data source.
Who has a checking account? How is the likelihood of having a checking account a function of income? Age? Wealth? Owning stocks?
Same type of questions for owning a house? A vehicle?
