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

Field: Basic bank accounts 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 basic bank accounts, 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.
• A basic bank account is similar to a current account. Payments can be received from other sources and it can pay bills by direct debit, but unlike a current account there are no overdraft facilities. Withdrawals can be made from cash machines and, in some cases, over the counter of the bank or building society itself.

Classification

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

• None
• One or more
• Not available
• Not applicable

Total number of categories: 4

Quality Statement

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

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