!/^r

SURVEY RESEARCH CENTER 1.
INSTITUTE FOR SOCIAL RESEARCH THE UNIVERSITY OF MICHIGAN ANN ARBOR, MICHIGAN 48108 2. 3. 4. 5.

0%

~~7100-01~2

Expires July 31, 19:: Project 25 ($662Z-'I 1

Interviewer's Label

Primary Area
Your Iw No.

Date Length of Iw Length of Edit (I'<".!?__ .-.,r.-.():inzt&s

6.

1983

SURVEY

OF CONSUMER

FINANCES

ISTERVIEWER:

THE FOLLOWXG

MlJST BE READ TO EACH RESPOSDEST

If we come to any questicn This interview is completely voluntary. 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 FIELD

u

L-lCODIKG

SECTIOS A:

ATTITUDES TOWARD CREDIT

AC. Al.

EUCT TIYE h’ OK:

Let’ s begin think it is installment

by talking about how you feel a good idea or a bad idea for plan?

about credit in general. DC y 2 ‘3 people to buy things on the

Ala.

h’ do you say hy

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 ycfeel it is all right for someone like yourself to borrow money...

YES

so
(5)

(1)
a. b.
C.

to cover to cover

the expenses living

of

a vacation when income have piled a fur coat

trip? is cut?

expenses bills

to consolidate to finance to finance equipment? to finance to cover to finance to finance

which of

up? or jewelry? hobby

d. e. f. gh. j.

the purchase boats,

EH

snowmobiles of

and other

the purchase expenses

a car?

due to illness? expenses? of furniture?

educational the purchase

2 A3.(CARD thinking A) Now
of the credit
about how to choose an automobile loan, which terms listed to you on this card would be most important your wife) If you were going to use credit to purchase (or your husband/or a car? Which comes next?’ Which is third?

(1 = MOST IMPORMST)
A. B. C. D. E. F. G. H.

SIZE OF LOAN DOLLAR AMOUNT OF INTEREST OR FINANCE CHARGE SIZE OF THE MONTHLY PAYMENTS ANNUAL PERCENTAGE RATE OF INTEREST CHARGE FOR LATE PAYMENT REBATE FOR EARLY PAYOFF OF LOAN SECURITY OR COLLATERAL FOR LOAN SIZE OF THE DOWN PAYMENT

A.

B. C. D. E. F. G. H.

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?.

s

9998.

DOS ‘ T

KS” :;

/

AS.

About what percent rate of interest PERCENT TURN TO
P. 3, A6

per year

do you think 98.

this

would be?

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, TVRXEDDOVK

3.

YES, UNABLE TURX TO P. 4, A7

A6a.

On the most recent occasion, wife) given for being turned you applied for?

what reasons were you (or your husband: down or unable to get as much credit as

A6b.

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

jlA6C. Were you finally able to get wife) first applied for? all

p+LTRK
the credit you

TOP.

4,

A7

(~-r y,-ur husbark

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.
A7a.

NO I---*

TURN TO p. 5, SECTIO:: B

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

A7b.

(CARD X) With what type of lender was this--a savings and loan association or savings bank, finance company, a store or dealer, or what? O1 O3 COMMERCIAL O2 SAVINGS & LOAN; ’ SAVINGS BANK ’ BAN’ K II II

commercial bank, a a credit mien, a

l

CREDIT O4 UNION II

l

FINANCE OR LOAN COMPANY

I
1

S7 OTHER (SPECIFY): STORE OR . 05* DEALER II

‘ I

I

A7c.

Where did you (or your husbandtife) made you think you might be turned

get the information down?

that

SECTIOS B: Bl.

CREDIT CARDS

5

Do you (cr anyone in your family living here) have any credit cards? 11. YES 1 ] 5. NO i& TURN TO P. 6, B4

B2.

JHow 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 family 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.) B_ B2 B3 1 1. OFTEN ! ii ACCOUSTS 2. SO?:ETI?IES ( 1 3. HARDLY EVER 1 1 5. SEVER j s B.:.‘ i 5 Li::

B3.

Bb.

B2a. GASOLINE CREDIT CARD ACCOUSiS

B2b. How many bank credit card accounts like Mastercard or Visa do you (and your family living here) have?

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

B2c. (How about) general purpose credit card accounts like American Express, Diners Club, or Carte Blanche?

:! ACCOUNTS BXLA:;CE

B2d. Store card accounts for Sears, Penneys, or Wards?

% ACCOUNTS Io.NOh'E

1 2. SOMETIMES] 1 3. HARDLY EVER 1 [ 5. NEVER 1 ri7Eq

s BALASCE

B2e. Any other store credit card accounts?

11 ACCOUNTS

12. SOMETIMES 1 1 3. HARDLY EVER] ( 5. NEVER 1 I

S BXLXSCE

B2f. Any other card accounts like airline or car rental cards?

-1
11ACCOUNTS (-J [ 2. SO?iETMES 1 j ;: HARDLY, EVER 1 NEVER s BALANCE

6
B5. ISTERVIEWER CHECKPOINT 1. cl 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? R HAS BASK OR STORE CREDIT CARDS (CHECKED IN B2b OR B2d OR B2e) 2. R HAS NO BANK OR STORE CREDIT CARDS F GO TO B6

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. I DOS'T KSOG:

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 06 /

g7

.

OTHER (SPECIFY):

B6c.

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

i

SECTIOS C: HOUSISG

7

Cl.

How long have ycu lived here in (COUIXY &AXE) county? YEARS OR 0 SINCE:

c2. Do you (and your family living here) own this (house/apartment/mobile home), pay rent, or what?
OWK OR IS 1 1. BUYIBG; LAND COXTRACT
I
I

il

1 5.

NEITHER OX'ZSNOR RESTS 1

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

OR 0

$

PER

C4a. Does that include utilities?
1 1a fNN;;;s 1 /I / 5.

LWI;;;I"CLUD'

/

C4b. Do you rent it furnished or unfurnished?

II.1

13.

PARTIALLY FURNISHED ]

[5.1

8

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

' / i 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

C5a.

cl

CHECK IF VALUE FIGURE IS FOR XLTIPLE HE STRUCTURE # HUs IN STRL'CERE

C6.

home) purchase21 In what month and year was the (house/apartment/mobile

MOXTH

I

SEAR

home) cost when it was purchased, c7. How much did the (house/apartment/mobile excluding closing costs?
S

Cia.

cl

CHECK IF COST FIGURE IS FOR MELTIPLE HL'SIRECTCRE B HUs IN STRUCn'RE I

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?

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 n'Rs TO P. 10, c9, COLL??!S B (j.1 TURS TC' c:s P.12 ,

C8b.

is

Is this an F'HAor VA mortgage, or it guaranteed under another federal government program?

1
28C.

, 1 I&

$dTo

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?

TURN TO P. 10, C9, COLU?lhA

10
c9.

COLLMS A 1st MORTGAGE OR LAND CONTRACT About the (first mortgage/second mortagel land contract/loan)... in what month and year was It obtained or last refinanced?

COLL?Is B HOCSING LOAN it2

COLL-?"< . c . HOVSING LO% ::3

MONTH/YEAR

MONTH/YEAR

MOSTli/TE_U

ClO. How much was borrowed or financed, not including the finance charges? Cll. How much are the payments and how cften are they due?

S

s’
PER GO TO Cl2 PER GO TO Cl2 PER GO TO Cl2 I

Clla. How much money is still owed on this loan? Cllb. In what month and year do you expect this loan to be repaid? c12. How many years or number of payments were agreed upon when the loan was received? c13. Do the payments include taxes or insurance? c14. 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? c15. What is the current annual percentage rate of interest or finance charge on the loan? PERCESi
/

MONTH/YEAR GO TO Cl5
:!

MONTH/YEAR GO TO Cl5
GO

TO Cl5

YEARS

0

i YEARS

OR

OR 0
P

I!PAYMENTS

t PAYMENTS

PA\?!ESi~

-1
GO TO Cl5
1 V

p7EJ

GO TO Cl5

GO TO Cl5

1 5. BALANCE LEFT

-_

PERCENT

PERCENT

COLL?lX A 1st ?IORTGAGE OR L&n CONTRACT C16. 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?

COLL?lX B HOCSING LOAS fi1

)1.1
-1
13. CREDIT UNION 1

I
18. MORTGAGE CO. 1 15. MPLOYER 1 LO. PRIOR OWNER 108.MORTGAGE CO. 1 115.EMPLOYER1 LO. PRIOR OWNER 1

og

CONTRACTOR.;
’ DEVELOPER

108.MORTGAGE CO. ] 115.MPLOYER ] 10. PRIOR O:\'SE?

97. OTHER (SPECIFY)'97. OTHER (S?ECI;‘?

--

c17. Does this mortgage have r.ninterest rate that can rise or fall from time to time? C17a. Does the interest rate depend on some other interest rate or have you already agreed to pay a _ different rate ix ” the future? C17b. On what other interest rate does it depend? c17c. How often can your mortgage interest rate change?

GO BACK TO C9 OR TURN TO P. 12, Cl8 C9 OR TURN TO P. 12,Cl TO
‘ C

TlXN TO P. 12, Cl8

DEPENDS ON SOME ~ OTHER INTEREST RATE

PER

C17d. When the interesl -rate changes wil: 1. YES 1 15. NO 1 the size of your -monthly payments change at the sax time? GO BACK TO C9 OR TURN TO P. 12, Cl8

12
C18.

. . 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

TVRS

TO P. 14, C20

c19.

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

\1

I
age.

1. YES

15.

NO/--+

TURN TO P. 14

C20

PROPERTY' I1 Is -this a note or land contract?

PROPERTY 82

I T

1 K&ACT1 2GO TO C19c C19b. How much is still owed on this note? i L'HRN TO P.13, Cl91 lVRN TO P.l3,C19i

i

c19c. How much are the payments to you and how often are they due?

S
PER GO TO C19e NO REGL'LAR PER GO TO C19e NO REGLX.4R; PAYMENT !

C

PER GO ,<, C-"t

C19d. How much more will the buyerse to pay to complete the purchase of the property? c19e. How many years or number of payments were agreed upon vhen the loan was made?

i TURN TO P. 13 Cl91

S TURN TO P. 13 C19i

# YEARS 0 Q # PAYMENTS

_

# YEARS OF C S PAYMENTS
B

PAY?!EXS

C19f. In what month and year do you expect this loan to be repaid?

MONTH/YEAR

MONTH/YEAR

MONTH/SEAR

PROPERTY #l

PROPERTY !!2

PROPERT ':3

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

Tz-kij
GO TO C19i

13 -I

i GO TO C19i

1. YiETELY j
GO

TO Cl91

C19h. What will the balance be?

S

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

I-i/5.
T

soI

I
S

TURN TO P. 14, C2(

! I

C19j. Row much is still owed?

rURN TO P. 14,C2(

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

1 ._. YES iI5. KO 1 GO BACK TURK TO ;O BACK TO C19a P.l4,C20 r0 C19a TCRS TO P.l4,C20

14
c20.

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.

7
c21. c22. C23.

1. YES

Is.#ol~
PROPERTY 111

TIJRSTO P. 16, SECTIOS D

PROPERTY it2

PROPERTY ::3

What type of property is this? (Are any other properties owned?)

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?

$

/;.

G/O

C21 OR TUR TO P. 16, SECTION D

GO BACK TO C21 OR TUIU SECTION D

TL-RSTO SECTIOS K

C23a. In what month and year was the loan taken out? C23b. How much was borrowed or financed, not including the finance charges?
C23c.

MONTH/YEAR

MOSTH/YEAR

?IONTH;TEAP. .

c

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

$

PER GO TO C24

PER GO TO C24

PER GO TO C2i NO REGTL.\R !
I

C23d. How much is still owed on the loan? : C23e. In what month and year do you expect this loan to be repaid?

MONTH/YWR TURN TO P. 15,C27

MONiH/SEAR
TURN

MONTH!TE.U?
C27

TO P. 15,

TURS TO P. 15,

C2;

c24

.

Do the payments include taxes or insurance?

Ii

I

pq

(5.,

-

PROPERTY #l
c25.

PROPERI?' /!2
I YEARS

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?

II YEARS OR 0
# PAYMENTS ( '* FZ%ETELY GO TO C27 ]

# PAYYEKTS

OR 0

C26.

-1

GO TO

C27

C26a. Wnat will tne balance be?
c27.

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 03. the previous owner, a contractcr or developer an employer, or a mortgage company?

PERCENT

PERCEKT

PER:E:;T

C28

CREDIT IXIOS

103.CREDIT UKIOS 1

CREDIT LX?O:;

I

i

b8. MORTGAGE CO. ] 15. MPLOYER i 10. PRIOR OWSER

b8. NORTGAGE CO. (

10. PRIOR OhyER

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. SECTIOS D

16,

16
Dl. Do

SECTION D:

ADDITIOSS AND REPAIRS

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:

I 1.

YES 1

15.

NO/-*

TURS TO P. 19, SECTIOS E

PROJECT Cl D2. What was done?
(Do you have any other

PROJECT if2

PROJECT =3

loans for additions and repairs, or projects?) D3. How much did the (PROJECT) cost? D4. In what month and year was the loan received for (PROJECT I? How much was borrowed or financed, not
including the finance charges?

S

S

S

MONTH/YEAR

MONTH/YEAR

?lOSX/YE.iR

D5.

S

S

I s

D6. How much are the payments and how often are they due?

$ PER TURN TO P. 17, Di NO REGULAR PAYMEST *

S PER TURN TO P. 17, D7 ;;$E=~R _ * * 1

S PER Tl_XSTO P. li, D7

r L

I D6a. How much is still owed on the loan for this project? D6b. What is the annual 'percentage rate of interest or financ charge on this loan?

S

S

S

PERCENT

PERCENT

PERCEST

D6c. In what month and year do you expect MO3TH /YEAR this loan to be TURN TO P. 17, 08 repaid?

MONTH!YEAR TL'RSTO P. 17, D8

MOSTH/YEXR TURN TO P. 17, D8

PROJECT tl D7 . How many years or number of payments were agreed upon when the loan was received? Are the payments being made to a commercial bank, a savings and loan association or savings bank, a credit union, a finance or loan company, a store, dealer, contractor, developer, or what? -_ I YEARS

PROJECT 82

PROJECT if3

0

#YEARS

OR

0

#YEARS

OR

OR 0

i: PAYMEXTS _ol _02 COEXERCIAL ’ BANK SAVINGS & LOAN; ’ SAVINGS BANK

# PAY?-lENTS

/!PAY?lEKTS

D8.

,2 03. CREDIT UNION

SAVINGS & LOW; * SAVINGS BANK ;

-103.CREDIT UNION j o4 FINANCE OR ’ LOAN COMPANY

I 33 . CREDIT USIOY ’

GO BACK TO D2 P. 19, SEC. E 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? P. 19, SEC. E

-1
03. CREDIT UNION (03. CREDIT UNION i 103. CREDIT UNIOK 1

(04.1
05. STORE OR DEALER/ 05. STORE OR DEALEd 05. STORE OR DEALERj

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

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

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. What type of vehicle is it--(a car, van, pickup, motorhome, or what)? 1.1

VEHICLE #l

-

VEHICLE :!2
I

i1.1

1.

CARi

[2;vAy [3.] 4. MOTORHOME

I 2. VAN 1 p I3.pIchz’ I 4. MOTORHOMEj
7. OTHER (SPECIFY)

I 2. VA!<I

3. PIcs:?

i

4. ?lOTOiui~‘ :~:f

E4. What make and model is it? (2-WORD ANSWER: MUE AND MODEL) ES. What year is it?

MAKE/MODEL

MAKE/MODEL

YEAR E6. In what month and year was it purchased?

YEAR

TEXR

MONTH/SEAR

MONTH/YEAR

Ei. How much did the vehicle cost? E8. Is any money owed on a loan for this (MAKE/MODEL)? GO BACK TO E3 GO BACK TO E3 OR TURN TO Il. TES ]

E9.

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

s

S

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

S

PER TURN TO P. 21 El1

PER TURN TO P. 21 El1

PER TCRS TO F. ‘ 1

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?

S

S

MONTH/YEAR

MONTH/YEAR

MOIiTH/TEti

21
VEHICLE It1 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? 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? PERCENT GO TO‘E12 # YEARS VEHICLE t2 PERCEST GO TO El2 VEHICLE 2~3' PERCEST GO TO El2 i I

0

IIYEARS

OR

C
OF

# YEARS

_

# PAmENTS

I PAY?IEXTS

El?.

-1
3. CREDIT IXIOS 1

o2

SAVINGS & LOA!i; * SAVINGS BASK b3. CREDIT r-SIGSi

,

03. CREDIT UNIOK 1

+5.

DEALER)

405. DEALER 1 11 AiiTO"@B;LE ’ ’ FISXSCE CC'.

AUTONOBILE '. FINANCE CO.I 97. OTHER (SPECIFY)

97. OTHER (SPECIFY)

II
* GO BACK TO E3 OR TURN TO P.22 SECTION F I GO BACK TO E3 OR TURN TO P.; SECTION F , + 'TURSTOP. 22 SECTIOS F E13. IJhere were tliepapers filled out and.the contract signed--was it at (CREDITOR AT El2 or at the dealer? )3. CREDIT UKIOS 03. CREDIT USIOT 1

)5.1 )7. OTHER (SPECIFY)

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

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

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? 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 photographic 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 personal borrowing for investments?

11.1

]=I

-1

15.1

[1.[

i5.j

F2.

ISTERVIEKZR CHECKPOINT 1. cl R OR FAMILY HAS ANY LOANS IN Fla-Flc ABOVE 2. NO LOANS WITH REGLXAR PAYMENTS + TURN TO P. 20, FlO

DEBT #I F3. What (was this loan/ were these loans) used for? (Anything else on which regular payments are required?)
Fk.

DEBT Ir2
I

DEBT *3

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

MONTH/YEAR

MONTH/YEAR

MONTH!PE.4R

F5.

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

s
S

S

S

F6. How much are the payments and how often are they due? F7. How many years or number of payments were agreed upon when the loan was received

PER #YEARS

I
#PAYMEWTS 0
OR

S

PER

I
I YEARS
# PAYMEhTS
I

S

PER # SEARS

0

OR

3E C

# PA\?!EXij

23
DEBT 111 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? '-1 -1 03. CREDIT UNION 103. CREDIT UNION 1 o2 SAVINGS b LOAX;/ ’ SAVIKGS BAKK : DEBT iI2 DEBT 113 ,

'03. CREDIT UKIOS 1 /04 FIKANCE OR , * LOAK COMPAhY :

I

97. OTHER: I

197.
,GO BACK TO F3 OR TURK TO P.24, FlO

,-V-;
I

I

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

1

I

TURK TO P. 24, FlO

'3. CREDIT UNION

103. CREDIT UNIOK 1

(03. CREDIT UKIOS 1

15. STORE OR DEALER)

p5. STORE OR DEALERj j12.1

/:.

OTHER:

1

97. OTHER: I I

I
GO BACK TO F3 OR

I
(GOBACK TO F3 OR
TURK TO P. 24, FL0 TURN TO P. 24, FlO

TURN TO P. 24, FlO

24
110. 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?

Fll. What vas the money used for? (Any other loans. which reguon lar payments are not required?)

“i

1. YES

15.k
TRANSACTION tl

TURN TO P. 25, Fl8 TIUNSACTION #2 TRANSACiI@S 1r3

F12. In what month and year was the loan for (USE AT*Fll) obtained? Fl3. Hov much was borrower or financed, not including the financt charges?
Flh.

MONTH/YEAR

MONTH/YEAR

MOSTH,'TE.iR

S

How much is still oved on this loan? In what month and year do you expect this loan to be repaid? 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?

S

FU.

MONTH/YEAR [oo.]

MOKTH/YEAR

MOSTH/YEAR 00. NECER i

F16.

PERCENT

PERCENT

PERCEtiT

F17.

l

SAVINGS L LOAN; SAVINGS BAhX

bjii
(07.;&;sCE
1 /i%zcEq

jlEziGK1
[15.

(06.1 115. MPLOYER ]
f6.

PiPLOYER 1

(15.EMPLOYER]

6. FRIEND,RELATIVE

FRIEND,RELATIVE 16. FRIEND.RELATIVE j /97.

p7. OTHER (SPECIE)1

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

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

TURN TO P.25, F18

25
Fl8. IKTERVIEKER CHECKPOWT

IQ

I

1.

R H_4S Ah?' TYPE OF DEBT--?lORTGAGE, ADDITIOSS A&'D RE?XIRS, VEHICLES. HOCSEHOLD ITEMS, RECREATIOh', TRAVEL, OR MEDIC.4.L DEBT 2. R HAS NO DEBT -n'R?u TO P. 26, SECTIOK G

I I cl

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

G2.

7 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 G5b. * ,

t (Do you/Does your family) intend to pay the balance in full before incurring a finance charge? 1. I TURS TO P. 30, G12 YES 5. I NO

Gjc.

Did the cash come from a loan, a line of credit, from savings or investments, or what? OTHER (SPECIFY): pq TURK TO P. 28, G6 TLRX TO P. 30, G12 / 3. ;;fg;;s 7.

I

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
LJ HOUSING
cl cl u cl cl n U

(P.10)

cl VEHICLE
cl cl

lil (P. 20)

LOAS 1!2 (P.10)

VEHICLE 1!2 (P. 20) VEHICLE t3 (P. 20)

HOUSING LOAN 83 (P. 10) OTHER PROPERTY 111 (P. 14) OTHER PROPERTY #2 (P. 14) OTHER PROPERTY #3 (P. 14) A 6 R PROJECT #I (P. 16) A C R PROJECT 112 (P. 16) A & R PROJECT 113 (P. 16)

cl
cl cl

TRANSACTION 1!1 (P. 24) TRANSACTION F2 (P. 24) TRANSACTION #3 (P. 24)

cl

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.

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

G9.

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

I 1.
I

YES 1

I ‘ , -*
1-i

!io 1

GlO.

LSTERy:Ei?;ER CHECKPOIST

I la

Il.

LOAS OBTAISED FROH STORE, DEALER OR COSTRACTOR
2.

I iJ

ALL OTHERS -

TlX< TO P. 30, Gil

GlOa.

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

11.

YESI

I

5.

X0 k

TARS TO P. 30, Gli

Glob.

J 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 ' 2. OR CHARGE MOTHER 4. OF LOM TYPE COSSIDERED GO TO Cl3

7.
I

OTHER (SPECIFY):
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
I G13a.

1.

YES 1

; 5.

?I'0 I

TKRH TO P. 31, SECTIOS H

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.

People have different reasons for saving. important reasons for saving?

What are your (family's) most

H2. (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.
cl 2.

TAKE SL-BSTXSTIAL FISASCIXL RISKS EXPECTING TO EARN SUBSTANTIAL RETURNS. TAKE ABOVE AVERAGE FINANCIAL RISKS EXPECTING TO EARN ABOVE AVERAGE RFTURNS.

0. 3.
Cl 4.

TAKE AVERAGE FINANCIAL RISKS EXPECTING TO EARN AVERAGE RETURNS.
NnT WILLING TO TAKE ANY FISXSCIAL RISKS. ;

H3. (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.

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 SHORT PERIOD OF TIME. TO EARN AVERAGE KETURNs. ‘ I:01 WILLING TO TIE UP MONEY AT ALL. ;

cl

3.

14.

32
HL. 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):

H5.

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 cf t:-ia_, would have to be paid in federal income taxes?
1

PERCEST

I

996.

NONE 1

pzxzzq

H6.

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

1. Pff MORE MOSES IN

!I

3. STAYED THE StilE’

5. TOOK MORE MOSEY Ol'fi

H7.

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?

/I
H8.

2

MOSTLY FROM GIFTS 7 OTHER (SPECIFY): - AND INHERITANCES /I *

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

I 5. 1

NO

I 1

18. -

DON'T KNOV 1

33
SECTION K: CHECKING AND SAVIKGS ACCOL'KTS

Kl.

(CARD D) Now I'd like to talk about checking accounts that havezrestrictions 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 p+ TURK TO P. 37, K7

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

34
CHECKING ACCOUNT 111 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 describes this account? 1. REGULAR CHECKING 1 CHECKIXG ACCOIXT t2 I 1. REGULAR CHECRISG ! I

K3.

At which type of financial institution is this account?

-1
[03.CREDIT UNION 1 06. BROKER; +

-1
103. CREDIT UNIOh' 1 06. BROKER; M?f?-IF +,

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

I

$
GO BACK TO K2 OR TURN TO P. 36, K5

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

35
CHECKING
LIYIII..

CHECKING
_ _ _

Af-fWllNT

-

t-4
s. -

ACCfF\Z
_ _ _

_ .

_

%L

CHECKING ACCOUNT d5 1. REGULAR CHECKISG ]

1. REGULAR CHECKING.

1. REGULAR CHECKING

CREDIT UNIOh'

03. CREDIT UNION 06. BROKER; Ml+%+l

03. CREDIT UNIOX I 06. BROKER; ?lMXF

$
I

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

$ TURK TO P. 36, KS

GO BACK TO K2 OR TURN TO P. 36, KS

36
K5. Can you (or anyone in your family living here) deposit or withdraw money from your main checking account using an automatic teller machine?

1.

YES

5. I

NO GO TO K6

(1 1

7 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 OR 0 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 OR 0 TIMES PER

37
K7. Do you (or anyone in your family living here) have any Individuai Retirement Accbunts or IRAs? 1. YES l).l-> GO TO K8

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

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.)

97. OTHER (SPECIFY):

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 repurthese certificates are held for a chase agreements at financial institutions-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,.,,}->
I

GO TO K13

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 p+TlJRN TO P. 40, Kl5

K14a.

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

W4b.

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

MONEY MARKET ACCOUNT 1;l

MONEY ?fARKET ACCOUNT 62

MONEY MARKET ACCOUKT 1:3

Is this account at a 103. CREDIT UNION 1 commercial bank, a savings and loan association or savings bank, a credit union, a broker or money market mutual fund, or what?

03. CREDIT UNION 1

103. CREDIT UKION I 06. BROKER; ?DD!I=

K14c.

How much money is in this account? Does this account have any checkwriting privileges?

S

K14d.

Il. YES / 11

ur

/ 1. YES 1 1 5. NO 1

11 1. YES 1 1 5. NO 1

y-m---

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

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?

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

7
1.

YES

TURK TO P. 42, K16

, 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, a credit union, or what?

SAVINGS ACCOUNT 81

8

SAVINGS ACCOUNT 82

,

o2
l

SAVINGS & LOAN; SAVINGS BANK 103. CREDIT UNION 1

,03. CREDIT UNION 1

I’
Kl5c.How much money is in the account?

I
s

I

-

i

II

I

$
GO BACK TO K15b OR TURN TO P. 42. Kl6

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

41

SAVINGS ACCOUNT t3 -jOl. ;ZIAL 1

SAVINGS ACCOUNT ::4 1 Dl. ;kyIAL / '-1

SAVINGS ACCOUNT 15

103. CREDIT tINI@ ] 197. OTHER (SPECIFY)1

103. CREDIT UNION 1 ri

103. CREDIT UNION 1 1)11

S GO BACK TO Kl5b OR TURN TO P. 42, K16

I

S

I

S TURN TO P. 42, K16

GO BACK TO KlSb OR 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 I 7
.

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
f

K18.mat is the total face value of all of the (TYPE) that you (and your family living here) have?

Kl7a. Do you (or anyone in your family living here) have any federal government bonds or bills? 7 Kl7b. Do you (or anyone in your family) have any state, county, or municipal bonds?

5. NO pj+tss

?I_$ Kl7c. 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

K20= '&at
Kl9a. Do you (or anyone in your family living here) have any shares in a tax-free Mutual Fund?

is the total market value of all of the (TYPE) that you (and your family living here) have? .-> $

K19b. (Any other) shares in Mutual Funds?

Kl9c. Publicly traded stock in the company where you (or your family here) work? Kl9d. Publicly traded stock held in an investment club or partnership? K19e. any other publicly traded preferred or common stock?
you

Kl9f. In how many different publicly owned companies do your family living here) have stocks? # OF COMPANIES

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

K21a. 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. Excluding any account you've already mentioned, do you have a cash or call money account at'a stock brokerage company?

1.

YES

I=[-+

GO TO K21d

7 K21c. What is the total dollar value of all the cash or call money accounts that you (and your family living here) have? $ TOTAL VALUE

K21d. How many stock brokerage companies do you (and your family living here) do business with? # STOCK BROKERAGE COMPANIES K21e. 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 15.++GOTOK25

7 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.
K24b. What is the current face value of all the term life policies that you (and your family living here) have?

CASH VALUE 1

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-heldbusiness, a farm, a professional practice or any type of partnership? (5. NO+ TURN TO P. 47, K27

I
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
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.

BC'SIXESS #l What kind of business is it? (What is its major activity?) [ 1. PROPRIETORSHIP1
11.

BtTSI?;ESS r:2

PROPRIETORSHIP/

K26a. Is it a proprietorship,partnership, corporation, or what?

1 2. PARTNERSHIP]

[ 2. PARTKERSHIP\

3. CORPORATIOK

3. CORPORATIOS

K26b. Does the business owe family living here any --? (and 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.

15. 1 CO TO K26f $

Lagos

How much (do you/does your family owe?

$

K26f. What percentage of the business do you (and your family living here) own?
K26g.

PERCENT

PERCEST

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

$

$
.

K26h. What were the gross receipts or gross sales in 1982? K26j. What was its net income before taxes in 1982? K26k. Do you (or anyone in your family living here) have an active management role in any other business?

.s
$

I

s
7

$

K26m. Do you (or anyone in your family living here) own or have an interest in any other partnership, privately-heldbusiness, a farm, or professional practice? 1. YES iJX-5. TDRN TO P. 47, K27

g K26n. What is the total dollar value of your (family's) interest in these other partnerships, businesses, farms, or professional practices? $ TURN TO P. 47, K27 TOTAL DOLLAR VALUE

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-with friends or relatives, or such as a boat, or money loaned or invested purposes? antiques, precious metals, gems, or art held for investment

7
1.
K27a.

YES

1 5,

NO I--+

GO TO K28

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

TYPE 12

TYPE ii3

K27b. What is the total dollar amount you (and your family) have in (TYPE)?

s

~ . ._“

K28.

Do you (or previously

anyone in your to make any of

family living here) owe any money not the investments you mentioned?

reported

I 5K28a. How much is still $ owed on these

NO I_)

TURN TO P. 48,

K29

loans?

48
K29.

INTERVIEWERCHECKPOINT 1. R HAS ANY TYPE OF WCKING 0 v 2. ALL OTHERSACCOLThT('?ES" AT Kl)

TURN TO P. 49, K32

K30.

E) People have different reasons for choosing the institutionswhere 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'soffices in choosing where to have your main checking account? (Cm

VERY SOMEWHAT NOT VERY NOT AT ALL IMPORTANT IMPORTANT. IMPORTANT 1MPORTA:;T K30a. CONVENIENT LOCATION OF OFFICES K30b. Being able to obtain many financial services at one place. K30c. Automatic teller machine. K30d. A low service charge or low minimum balance requirements. K30e. 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?

49
K31. Which of the following services do you (and your husband/wife) currently obtain from the institutionwhere you have your main checking account-do you have any other checking account at the same institution as the main checking account? YES NO (1) (5) 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?

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 ... SOMEWRAT VERY NOT AT ALL INTERESTED 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 institutionsyou (and your family living here) regularly use, not counting different branches of the same institution.

J

1
K37. Do you (or anyone living here) regularly do business with a branch office outside the area vhere you ive or work?

1 IF "ONE OR MORE" ASK K37 ]

K36a. How many different commercial banks do you (and your family) do business vith? K36b. Bow many savings and loan associations, savings banks, or credit unions do you (and your family) do business with' K36c. How many finance or loan companies do you (and your family) do business with?

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//qRlc.

Are you

Rib. When did you last work on this job?

-I-

(-SKIPS FOR "UNEMPLOVFID" IN SECTION R)

doing any work for pay at the present time?

TURN TO P. 52, R2

MONTH/YEAR NOTE: CONSIDER THIS R'S "CURRENT MAIN JOB" FOR PURPOSES OF R2-R24. TURN TO P. 52, R2

Rld. Have you ever done any work for pay? 1. YES I TURN TO P. 68, RS8 7 Rle. INTERVIEWER CHECKPOINT: 0 1. R IS RETIRED/DISABLEDTURN TO P. 60, R28, COL. A IS UNEXPLOYED/STUDEh'T/ HOUSEWIFE/OTXER---, TURN TO P. 60, ~28, COT+. B. 5. NO

q 2. R

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-employedon 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 2. 100 OR MORE E?IPLOYEES

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, or any branch of the military service?

R6. How many years have you worked for (this employer/yourself)? #YEARS OR 0 SINCE: (YEAR)

R7. How many more years do you expect to continue working for (this employer/ yourself)? f YEARS UNTIL AGE:
I 96
l

NEVER PUN TO RETIRE I

R8. About how many paid hours do you work on your main job in an average week? 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

53

Rll. Are you covered on this job by a union or employee-associationcontract? 1. YES lzl 5. NO u

Rl2. Are you covered by Social Security on this job? 1. YES 0 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 TURN TO P. 58, R24 Y 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 have you been included in the main or basic plan, including only the years that count toward your pension or retirement benefits? # 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 has been in the plan a pension benefits, even by the plan. Have you to earn this right? -1 TL'RN TO P. 55, R17 T R16e. How many more years must you be included in this plan in order to eventually earn= right to receive some benefits? MORE YEARS vesting rules that guarantee that an employee who certain number of years earns the right to some if the employee leaves and is no longer covered worked under the main or basic plan long enough

5. NO

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)

qb.(YEARS)
uc* 0 (AGE). AND (YEARS) (TOTAL) d. WHEN AGE PLUS YEARS =

Rl8.

If you wished to, could this plan?

you retire earlier and receive reduced benefits from

TURN TO P. 56, R20 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.)

Cla.
(AGE)

clb. (YEARS) ClC.
(AGE) AND (YEARS) (TOTAL) cl d. WREN AGE PLUS YEARS -

Lb

OTHER

[WN’ T]

56
R20.

At what age do you expect basic pension plan?

to start receiving benefits from the main or

AGE

R21. In total, how much do you expect to receive from all parts of the pension plan(s), per month or year, or as a proportion of your pay at the time you retire? $ PER OR 0 J OF PAY
1 WN'T

KNOW]

R22. Did you make any contributions to any part of the pension plan(s) during 1982, such as by having money deducted from 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/secondplan)-by a definite formula based on years of service or salary, - by the amount cf or money in your account - in both ways? or 5 TlJRX P. 58, R24 TO MONEY AC-TED ' IN ACCOUNT 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? $ OR 0 % OF ACCOUNT BALANCE

58
R24. (Excludingthe 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, by having money deducted from your pay?
such as

GO TO R24d

R24c. What amount or percent 2 OF PAY @ S

of your pay did you contribute in 1982? 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
OR 0
R24f.

PER

OR 0

% OF PAY

What is the approximate $

dollar

aammt

in your

account

nov’ !

R2rg. Row much could you withdraw from this account
to leave $ this employer?

today

if

you vere

OR 0

% OF ACCOUNT BALANCE

59
R25.

INTERVIEWER CHECKPOINT:

R !I 1. P.IS RETIRED/DISABLEDIN Rig 60, R28, COLUMN A 2. ALL OTHERS

IS CURRENTLY WORKING FOR PAY+TL%N TO

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 . . . 60, R28, COLUMN C TURNTOP.

60
~28. What was the official title of your job . . . COLUMW A (before you became retired/disabled?) COLUMX B (on your last 'paidjob?) COLUMN c (on your longest prior job?) COLUMN D (from which you expect to or now receive a pension?) R28a. What sort of work did you do on this job?

COLC.?!X A RETIRED/DISABLED

(OFFICIAL JOB TITLE)

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? TURN TO

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?

11. FEDERAL 1 2. STATE OR LOCAL 1 ,3. PUBLIC SCHOOLS -4. PRIVATE SCHOOL 1

COLUhN B UNE?IPLOYED/STL?)EKT/HOUSEWIFE

COLUMN c LONGEST PRIOR JOB

COLLMN D 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] 12. STATE OR LOCAL 1 ,3. PUBLIC SCHOOL 1 4. PRIVATE SCHOOL

1. FmERALj 2. STATE OR LOCAL1 3. PUBLIC SCHOOL 1 4. PRIVATE SCHOOL 5. MILITARY [ n7iq

62
R33. In what month and year did you stop working for (this employer/yourself)?

COLLJXEA RETIRED/DISABLED

MONTH /

YEAR

R34.

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

B YEARS

R35.

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?

HOURS PER WEEK

R36.

t WEEKS

R37.

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?

$

PER

R38.

R39.

Were you covered by Social Security on this job?

R40.

INTERVIEWER CHECKPOINT: u

1. R WAS SELF-EMPLOYED ON THIS JOB--_, TURN TO P. 64, R47 2. ALL OTHERS

R41.

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

P. 64, R42

R41a. How many years have you received these benefits? SINCE: (YEAR) R41b. How much did you receive in 1982? $

PER TURN TO P. 64, R46

COLUMN B UNEMPLOYED/STUDENT/HOUSEWIFE

COLUMN c LONGEST PRIOR JOB

COLUXX D

63

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
p

1. R WAS SELF-EMPLOYED ON THIS JOBTURX TO P. 64, R48 2. ALL OTHERS

CI 1. R WAS SELF-EMPLOYED ON THIS JOBTURN TO P. 64, R49 p 2. ALL OTHERS

u

1. R WAS SELF-E?IPLOYED ON THIS JOBTURN TO P. 66, R50 2. ALL OTHERS

7

pq

I,.,,/ v

pq
I

pq
TURN TO p. 64, R42

pq
I

ls_,,
TCELVTO p. 64, R43

I

TUW TO P. 64, R42

I! YEARS@

v # YEARS 0 OR

v
I

YEARS@
(YEAR)

SINCE: (YEAR) $ PER TURN TO P. 64, R46

I

SINCE: (YEAR) $ PER TURR TO p. 64, R46

I
$

SINCE:

I

PER TURN TO p. 64, R46

64
R42. Do you expect to receive retirement or other pension benefits from this employer at some future time?

COLUMN A RETIRED/DISABLED

R43.

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

AGE

R44.- How much do you expect to receive in benefits from this pension plan per month or per year?

S OR 0

PER

R45.

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 determinedby a definite formula based on years of service or salary, or by the amount of money in your accouz, - in both ways? or Did this plan cover people who worked for other employers as well as your own?

Il.

DEFINITE FORMULA

12. MONEY IN ACCOUNT 13. 1 8. DON'T KNOW 1

R46.

R47.

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

~48.

Have you worked for pay for any other employer, or were you self-employed on any prior job? TO R28, COLUMN c P. 66, R50

R49.

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

IXl(5.1 TURN BACK TO R28, COLUMN D

TURN TO P. 66, R50

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 _ 12. !-lOlO?r'EY IN ACCOLXT 12. MOSEY IN ACCOLXT 1

1. DEFINITE FOEP5-L A 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

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

GO TO R54 l ' 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 R52a. Excluding these times, about how many years in total have you worked full-time for pay?
# YEARS

[~+GOTOR53

PULL-TIME

R53. At what age do you expect to stop working for pay at a full-time job? AGE I 95. NEVER STOP I GO TO R54 ALREADY STOPPED

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
I

95.

NEVER STOP
1

-1 ALRBADYJSTOPPBD1

TURN TO P. 67, R56 R55a. At what age did you stop working for pay? AGE

67
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 OR 0 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

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?

$
OR 0

PER

OR 0

% OF PAY

R57c.

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

68 khat Rsa. 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?

11.
-

YES

1
~

15. NOI

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

I

GRADES OF SCHOOL 00 01 02 03 04 05 06 07 08 09 10 11 12

/OClClClOOClO00ClClCl~ )EEEEli;;;i/
R61a. Did you get either a high school diploma or pass a high school equivalency test?

I

I

COLLEGE

I

\I

R61b. Do you have a college degree? 15. 501

w

1

I

L

1

L

1

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? pi-j.-+

TURN TO P. 69, SECTION S

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

7. OTHER (SPECIFY):

Sla. Does (he/she) expect to go back to work at this job? l.YES /5.1(FOLLOW SKIPS FOR "UNEMPLOYED" IN SECTION S) 'i' Slb. When did (he/she) last work on this job? 51~. Is (he/she) doing any work for pay at the present time?

TURN TO P. 70, s2

MONTH

/

YEAR

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

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

TURN TO P. 86, S58

TURN TO P. 70, S2

Sle. INTERVIEWER CHECKPOINT:

0

1. SPOUSE IS RETIRED/ DISABLED-----,TURNTO 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 your (husband's/wife's)current, main job. What is the official title of (his/her) job (the title that [his/her] employer uses)?

(OFFICIAL JOB TITLE) 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-employedon (his/her) main job?

%a. About how many other employees work for this company or organization, including all locations--fewerthan 100 employees, or more than 100 employees? 1. FEWER THAN 100 EMPLOYEES 2. 100 OR MORE EMPLOYEES

Y
5. NO

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

s7. How many more years does (he/she) expect to continue working for (this employer/ himself/herself)? 11YEARS OR 0
1 I

UNTIL AGE:

96 I -1

NEVER PLAN ' TO RETIRE I

SB. About how many paid hours does (he/she) work on (his/her) main job In an average week? HOURS PER WEEK s9. How many weeks per year would (he/she) expect to work on this job in a normal year, including paid vacations? # WEEKS SlO. About how much does (he/she) earn before taxed on (his/her) main job? (Was that per hour, week, month, or year?) $ PER

71

Sll. Is (he/she) covered on this job by a union or employee-associationcontract?

S12. Is (he/she) covered by Social Security on this job? Il.YESI

CHECKPOINT: s13. :NTERVIEWER cl 1. SPOUSE IS SELF-NPLOYED+ TURN TO P. 76, S24

2. SPOUSE HAS WORKED FOR THIS EMPLOYER 2 YEARS OR LONGER OR STARTED BEFORE 1981 (IX S6) P c1 3. ALL OTHERS ____$ TURX TO P. 72, S15

s14. 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 CC TO S16 7 S15a. Will (he/she) be covered by such a plan If (he/she) continues to work for this employer? 5. NO

I

J

TURN TO P. 76, S24 S15b. How many mDre years must (he/she) work for this employer to be included 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. 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) S16c. (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)

s16d. 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. Has (he/she) worked-under the main or basic plan long enough to earn this right?

%Gz

P * 73, s17

7

5. NO

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)
(TOTAL)

WHEN AGE PLUS YEARS -

OTHER [-&KK-i

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

and
I

receive reduced
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)
WHEN

AND (YEARS)
(TOTAL)

q d.

AGE PIUS YEARS =

17 e.OTHRR

74 At szo. what age does (he/she) expect to start receiving benefits from the main
or basic pension plan? AGE

s21. In total, how much does (he/she)expectto 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? $ OR 0 PER OR 0 X OF PAY

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

75
S23. Some pension plans have a definite formula based on years of service Some plans base benefits on how much money has accumulated or salary. Other plans use both ways of setting benefits. in a person’ s account. How are the benefits for your (husband’ s/wife’ s) pension determined, formula based on years (including the optional/second plan) --by a definite or by the amount of money in (his/her) account, x of service or salary,

e[rT,

r,,,$-1

Ej,

I-

S23a.

Does (his/her) 1. YES

employer

make contributions

to

(his/her)

account?

CO TO S23c P S23b. What amount or precent of pay did (his/her) tribute to (his/her) account in 1982? $ PER 0 @ employer con-

% OF PAY

S23c.

What is S

the approximate

dollar

amount -in (his/her)

account

now?

S23d. How much could (he/she) (he/she) were to leave $

withdraw from this this employer? 0 @

account

today

if

X OF ACCOUNTBALANCE

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? S24a. What is the name of the plan? INOt-> TURN TO P. 77, S25

TURK TO P. 77, s25 S24b. Did (he/she) make any contributionsto this plan during 1982, such as by having money deducted from (his/her) pay? 1. YES 5. NO I GO TO S24d 8. DON‘T KNOW I

7 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 5. NO
I

8. DON'T KNOW
GO TO S24f 1

7. S24e. What amount or percent of pay did (his/her) employer contribute in 1982? $ OR 0 PER OR 0 % OF PAY

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? $ L OR 0 X OF ACCOUNT BALANCE DOE'T KNOW cl

77
s25. INTERVIEWER CHECKPOINT: t a 1. SPOUSE IS RETIRED/DISABLEDIN Sl ANX)IS CURRESTLY WORKING FOR PAY--t TURN TO P. 78x28, COLL'MN A 2. ALL OTHERS

S26. Has (he/she) worked for pay for any other employer, or was (he/she) selfemployed on any prior job?

TURN TO P. 84, SSO

s27. I'd like to ask you about the longest prior job (he/she) has had . . . TURN TO P. 78, S28, COLUMN C.

78
S28. What was the official title of (his/her) job . . . COLUMN A (before [he/she] became retired/disabled' COLUMN B (on [his/her] last paid job?) COLUMN c (on [his/her] longest prior job?) COLUMN D (from which [he/she] expects or now receives a pension?) S28a. What sort of work did (he/she) do on this job?

COLC?t: A RETIRED/DISABLED

(OFFICIAL JOB TITLE)

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? TURX TO P. 80, S33 s31. About how many other employees worked for this company or organization, including all locations--fewerthan one hundred or more than one hundred employees?
I

1 1. FEWER THAS 100

_

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?

(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. 12.

FEDERAL) STATE OR LOCAL 1

11. FEDERAL1 -2. STATE OR LOCAL [ 3. PUBLIC SCHOOL1 , 4. PRIVATE SCHOOL 1 5. MILITARY1 16.j

[1-l

12. STATE OR LOCAL1
3.

3. PUBLIC SCHOOL 1 4. PRIVATE SCHOOL 1 15. MILITARY1 16.]

PUBLIC SCHOOL ]

4. PRIVATE SCHOOL 1 5. XILITARY] 16.(

80
s33. In what month and year did (he/she) stop working for (this employer/himself/herself)?

COLLW A RETIRED/DISASiED

MOhlH / s34. How many years did (he/she) work for employer/himself/herself)? s35. About how many paid hours did (he/she) this job in an average week? (this

YEAR

work on

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

I I
$

HOURS PER VEEK

fi WEEKS

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?

PER

s39.

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

s40.

INTERVIEWER CHECKPOINT:

cl

1. SPOUSE WAS SELFEMPLOYED ON THIS .lC TLJRXTO P. 82, S47 2. ALL OTHERS

17
1

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

V

1. YES TURR TO P. 82, S42 v #YEARS@

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

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

I I
$

SINCE: (YEAR) PER TURliTO P. 82, S46

COLUM?i B

coLL?Z c LONGEST PRIOR JOB

COL!X: D

81

OTHER JOB U/pLI'SI@':

HOO::iE /

YEAR

11 YEARS

d YEARS

# YEARS

HOL-RSPER WEEK

HOURS PER WEEK

HOtRS PER VEEI:

I WEEKS

#WEEKS

I WEEKS

$

PER

S

PER

$

PER

a

1. SPOUSE WAS SELFEMPLOYED ON THIS JOB TCRs TO P. 82, S48 2. ALL OTHERS

SPOUSE WAS q 1. EMPLOYED ONS!XF- JOI THIS TURX TO P. 82, S49 2. ALL OTHERS

cl 1. SPOCSE WAS SELFEMPLOYED Oh'THIS JCZ TUR?rTO P. 84, s50

TUR.'i TO P. 82, 542 v #YEARS@ SIECE: (SEAR) v #YEARS@ SINCE:

TURN TO P. 82, S42 v

TUM TO P. 82, S43

SINCE: (YEAR) CYf;AR)

s mw

PER TO P. 82; ';46

$

PER Tl7R.X P. 82, S46 TO

$

PER TURs TO P. 82. S46

82
S42.

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

s43.

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

to start

receiv AGE

s44.

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

$ OR 0

PER

s4s.

formula Some pension plans have a definite 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 for (his/her) pension deterwere the benefits mined-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?

1. 1 2. (1 8.

DEFIRITE FORXLA MCRETIS ACCCLX DORT KNOW ‘ 1

S46.

s47.

INTERVIEWERCHECKPOINT:

a

1.

SPOUSE RETIREDIDISABLED &Q IS CURRESTLY WORKING FOR PAY-GO TO S49 ALLOTHERS .--

j32.

~48.

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

V

TO S28, COLUHN c 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?

F. 84,

SSO

s49.

il.1 TURN BACK TO S28 COLUMN D

L-1

TlJRXTO
SSO

P. 84,

COLLrn B UNEMPLOYED/STUD~T/H~US~IFE

COLUMX c LONGEST PRIOR JOB

COLL?lS D OTHER JOB W/PEGSIOS

83

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-rearingduties, years spent in retirement, because of unemployment, illness, or for any other reason? 1. YES 7 S52a. Excluding these times, about how many years in total has (he/she) worked full-time for pay? #YEARS PULL-TIME
s53.

15.++GG

TO S53

At what age does (he/she) expect to stop working for pay at a full-time job? AGE 95. NEVER STOP 1 GO TO R54 S53a. At what 7 age did (he/she) stop working for pay at a full-time job? AGE ALREADY STOPPED

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.9PART-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? NEVER STOP I TURN TO P. 85, S56 AGE 95.
pay!

I

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

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).
piGO 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?

9
1.

YES

(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? $ OR 0 PER OR 0 % OF PAY

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

86
ssa. What is the month and year of (his/her) birth?
MONTH/YEAR

s59.

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

S60. 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 college degree? or pass a high school equivalency test?

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 (RECORD IN COLUMN Tl and salaries, including bonuses, overtime and commissions? AND ASK T2 FOR EACH SOURCE OF INCOME AS IT IS MENTIONED.) 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.) T2 a. WAGES OR SALARY? b. A professional practice, business, or farm (not mentioned above)?
C.

T2.

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

d. Other interest income? e. Dividends? f. Net gains from the sale of stocks, bonds, or real estate? Rent, trust income, or royalties from any other investment or business? h. Worker's or unemployment compensation? j. Child support, alimony, inheritance, gifts, or any financial support from relatives or friends? k. ADC, AFDC, food stamps, or other assistance, such as SSI? (GOLD CHECKS m. Income from other retirement, annuity, pension, disability, or survivor's benefits, including employer pension benefits already mentioned? n. Did you (or anyone in your family living here) have income from any other sources? (What other sources?)

5.

NO

1 1. YES k

$

q

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 in your family living here) pav any alimony or child support or provide any other financial support of relatives or friends who do not live here?

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. comments you would like to add?

Do you have any questions or

T!ia. EXACT TIME NOW:

89
T6.
END OF INTERVIEW CHECKPOINT: RESPOhDENT EMPLOYMENT/PENSION R HAS NEVER WORKED FOR PAY (NO AT Rld)d cl 1. Cl GO TO T7

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

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

T7. END OF INTERVIEW CHECKPOINT: SPOUSE EMPLOYMENT/PENSION
cl 4. R IS NOT MARRIEDNGO TO T8 TO T8

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

ALL OTHERS+GO cl 7.

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 RELATIONSHIP TO THE RESPONDENT (PERSON ASRED SECTION R).

HOUSEHOLD MEMBERS BY RELATIONSHIP TO R 1. RESPONDENT 2. 3. 4. 5. 6.
7.

SEX

AGE

I
I

I
I

9. 10.

I

I

X5.

TYPE OF STRUCTURE IN WHICH FAMILY LIVES:
I

91
APARTMENT HOUSE (4 OR * FEWER UNITS)

01. TRAILER; MOBILE HOME

o7

02. DETACHED SINGLE FAMILY HOUSE

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

og

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

97. OTHER (SPECIFY):

05. DETACHED 3-4 FAMILY HOUSE

o6

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

X6.

R'S UNDERSTANDING OF THE QUESTIONS WAS... pzq [GM)D [3.\

x7.

R'S ABILITY TO EXPRESS (HIMSELF/HERSELF) WAS... (1 piq pK-] pq

X8. WAS R SUSPICIOUS ABOUT THE STUDY BEFORE THE INTERVIEW?

piizi=--'~/p~

x9. WAS R SUSPICIOUS ABOUT THE STUDY AFTER THE INTERVIEW?

x10. 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 t
3.

SOMETIMES 1 [MARELY~ I

pz-1 GO TO Xl4

x13. WHICH DOCUMENTS DID R REFER TO?

(CHECK ALL THAT APPLY)

I

I

I
, (COLUMN_).

4

INCOME TAX * RETURN I

x14.

R'S EMPLOYER/PENSIONPROVIDER LISTED ON COVER SHEET (Z2a or Z2b) CORRESPONDS TO:

u
cl

1.

R'S JOB LISTED ON PAGE

5.

NO EMPLOYER/PENSIONPROVIDER ADDRESS ON COVER SHEET

x15.

SPOUSE'S EMPLOYER/PENSIONPROVIDER LISTED ON COVER SHEET (Z5a OR 25b) CORRESPONDS TO:
cl 1.

SPOUSE'S JOB LISTED ON PAGE

,

cl5.

NO EMPLOYER/PENSIONPROVIDER ADDRESS ON COVER SHEET

93
x15. THUMBNAIL SKETCH: