Table A. 1. Asset Measures in the PSID.

Survey Item	Survey Questions
Home value	Do you (or anyone else in your family living here) own the (home/apartment), pay rent, or what? Could you toll mo what the present value of your (house/apartment) is—I mean about how much would it bring if you sold it today?
Mortgage (since 1994 up to two mortgages)	Do you have a mortgage or loan on this property? About bow much is the remaining principal on this mortgage?
Checking and savings	Do you [or anyone in your family living here] have any money in checking or savings accounts, money market funds, certificates of deposit, government savings bonds, or treasury bills, not including assets held in employer-based pensions or IRAs? If you added up all such accounts [for all of your family living here], about how much would they amount to right now?
Stocks, mutual funds, investment trusts	Do you [or anyone in your family living here] have any shares of stock in publicly held corporations, mutual funds, or investment trusts, not including stocks in employer-based pensions or IRAs? If you sold all that and paid off anything you owed on it, how much would you have?
Other financial assets	Do you [or anyone in your family living here] have any other savings or assets, such as bond funds, cash value in a life insurance policy, a valuable collection for investment purposes, or rights in a trust or estate that you haven't already told us about? If you sold that and paid off any debts on it, how much would you have?
Farm or business	Do you [ or anyone in your family living here] own part or all of a farm or business? If you sold all that and paid off any debts on it, how much would you realize on it?
Real estate	Do you (or your family living here) have any real estate other than your main home, such as a second home, land, rental real estate, or money owed to you on a land contract? If you sold all that and paid off any debts on it, how much would you realize on it?
Vehicles	What is the value of what you [or anyone in your family living here] own on wheels? Including personal vehicles you may have already told me about and any cars, trucks, a motor home, a trailer, or a boat—what are they worth all together, minus anything you still owe on them?
Annuities, IRAs	Do you [or anyone in your family living here] have any money in private annuities or Individual Retirement Accounts (IRAs)? How much would they be worth?
Credit card debt, student loans, other debt	Aside from the debts that we have already talked about, like any mortgage on your main home or vehicle loans—do you [or anyone in your family living here] currently have any other debts such as credit card charges, student loans, medical or legal bills, or loans from relatives? If you added up all these debts [for all of your family living here], about how much would they amount to right now?