Informal assets belonging to the Adult, Individuals in the Household or the Family (Benefit Unit)

Dataset: Family Resources Survey (Adult, Individual, Family (Benefit Unit), Household)

Field: Informal assets belonging to the Adult, Individuals in the Household or the Family (Benefit Unit)

Description

Whether the adult or individuals in a household or a family (benefit unit) have any informal assets, as reported by FRS respondents, where:

All individuals who are aged 16 and over are classified as an adult, unless the individual is defined as a dependent child. All adults in the household are interviewed as part of the FRS.
A household consists of one person living alone or a group of people (not necessarily related) living at the same address, who share cooking facilities and share a living room or sitting room or dining area. A household will consist of one or more benefit units.
A family (benefit unit) may consist of: a single adult, or a married or cohabiting couple, plus any dependent children. Same-sex partners (civil partners and cohabitees) have been included in the same benefit unit since January 2006.
An informal asset is money that a respondent has given to someone else to look after or save on their behalf; or money that a respondent saves in cash.

Classification

Applicable to: all adults or all individuals in a household or a family (benefit unit).

Total number of categories: 4

Quality Statement

Further information can be found in the FRS Background Note and Methodology here.