Family (Benefit Unit) or Household, total amount of savings and investments in latest prices (CPI-adjusted real terms)

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

Field: Family (Benefit Unit) or Household, total amount of savings and investments in latest prices (CPI-adjusted real terms)

Options

Weighted Median of Family (Benefit Unit) or Household, total amount of savings and investments in latest prices (CPI-adjusted real terms)

Weighted indicates that underlying sample of individuals in the Family Resources Survey (FRS) has been weighted or 'grossed up' to represent groups of individuals with certain characteristics in the whole population.
Median amount of savings and investments is the middle Family (Benefit Unit) amount of savings and investments identified by dividing the population of individuals, when ranked by amount of savings and investments, into two equal-sized groups.

Weighted Mean of Family (Benefit Unit) or Household, total amount of savings and investments in latest prices (CPI-adjusted real terms)

Weighted indicates that underlying sample of individuals in the Family Resources Survey (FRS) has been weighted or 'grossed up' to represent groups of individuals with certain characteristics in the whole population.
Mean of benefit unit amount of savings and investments is calculated by adding up amount of savings and investments for each benefit unit in the population and dividing the result by the number of benefit units.

Description

The total amount of savings and investments belonging to a household or a family (benefit unit) in latest prices (CPI-adjusted real terms), as reported by FRS respondents, where:

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 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.
The FRS asks questions about all savings and investment products, including bank and building society accounts, and shares. Interest and dividends are received on savings and investments. For details of savings and investments covered by the FRS see Savings and investments.

Classification

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

Quality Statement

Estimates for savings and investments should be treated with caution, as they are likely to be under-estimates, since respondents often inaccurately report their account details.

Note that savings and investments amounts do not include assets held by children in the benefit unit or household.

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