TABLE 4.
U.S. Surveys: Statements of Cash Flows
| (Cash defined as Current Assets) | PSID 2010–2012 |
CES 2011–2012 |
SCF 2010–2013 |
HRS 2010–2012 |
SIPP 2010–2011 |
|---|---|---|---|---|---|
| Net income (+) | 65,350 | 60,971 | 81,856 | 79,779 | 38,944 |
| Adjustments: | |||||
| Depreciation (+) | 0 | 0 | 0 | 0 | 0 |
| Change in Account Receivables (−) | 0 | 0 | 0 | 0 | 0 |
| Change in Account Payables (+) | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory (−) | 0 | 0 | 0 | 0 | 0 |
| Change in Other (not Cash) Current Assets (−) | 0 | 0 | 0 | 0 | 0 |
| Consumption of Household Produced Outputs (−) | 0 | 0 | 0 | 0 | 0 |
| Cash flows from Production | 65,350 | 60,971 | 81,856 | 79,779 | 38,944 |
| Consumption expenditure (−) | −43,766 | −44,849 | −28,850 | −45,073 | −22,487 |
| Capital (durable goods) expenditure (−) | 0 | 0 | 0 | 0 | 0 |
| Cash flows from Consumption and Investment | −43,766 | −44,849 | −28,850 | −45,073 | −22,487 |
| Transfers to/from Long-Term Investments | −362 | 0 | 1,231 | 0 | 0 |
| Lending (−) | 0 | −151 | 1,359 | 50 | 4,452 |
| Borrowing (+) | 4,230 | 8,089 | −4,349 | −3,757 | −8,988 |
| Net Gifts Received (+) | 0 | 0 | 0 | 0 | 0 |
| Cash flows from Financing | 3,868 | 7,938 | −1,759 | −3,707 | −4,536 |
| Change in Cash Holding (from Statement of Cash Flows) | 25,452 | 24,060 | 51,247 | 31,000 | 11,921 |
| Change in Cash Holding (from Statement of Balance Sheet) | 3,091 | 17,770 | 3,843 | 1,678 | −18,622 |
| Cash flows error | 22,362 | 6,290 | 47,404 | 29,322 | 30,543 |
| Internal Error | 25% | 13% | 37% | 24% | 25% |
| External Error | 30% | 8% | 61% | 39% | 42% |
SOURCES: Panel Study of Income Dynamics (PSID) 2010–2013, Consumer Expenditure Survey (CE) 2011–2012, Survey of Consumer Finances (SCF) 2010–2013, Health and Retirement Survey (HRS) 2010–2012, and Survey of Income and Program Participation (SIPP) 2010–2011. See Section 2 for more details.
NOTES: Table entries are average dollar values for the survey’s unit of observation, approximately a household. Cash flows are at a yearly rate and are constructed with the most recent prior data available. Sampling weights provided by each survey were used in calculating the average values. A more detailed data appendix and the Stata programs used to construct the tables are available at https://www.bostonfed.org/about-the-boston-fed/business-areas/consumer-payments-research-center.aspx.