Table 1.
Variable | Survey Question | Wave collected |
Categories |
---|---|---|---|
Father’s education | How many years of school did your father finish? | Wave 2 | 0= <12 year 1= >=12years |
Perceived Childhood SEP | Compared with the average family in your community at the time you were growing up, was your family BETTER OFF financially, ABOUT AVERAGE, OR WORSE OFF? | Wave 2 | 0=Poor childhood SEP 1=Not poor |
Education | What is the highest grade of school or year of college you have COMPLETED? | Wave 1 | 0= <12 year 1= >=12years |
Income | Taking into consideration all sources of income, what was your (and your (husband's/wife's)) total income before taxes in the last 12 months? | All waves | Continuous |
Wealth | Suppose you needed money quickly, and you cashed in all of your (and your (husband's/wife's)) checking and savings accounts, and any stocks and bonds, and real estate (other than your principal home). If you added up what you would get,
|
All waves | Continuous |
Financial security |
|
All waves | Continuous. This index was constructed by taking the arithmetic mean of the three items used and standardized using Wave 1 means and standard deviations. High values indicate a higher level of Financial Security (indicating a higher SEP) |