Category Archives: Survey Variables: Economic Capital

As mentioned when considering income, that concept needs to be distinguished from wealth, which is the assets that one holds (less one’s liabilities). Assets might take the form of savings, investments, art or, most commonly, property. The latter was asked about in the survey, and respondents indicated whether they owned five types of property: residentialContinue reading “Survey Variable: Types of Property Owned”

Beyond income and ability to keep up with bills, a key indicator of economic capital is whether someone qualifies for support from the state. In the United Kingdom, the state offers a range of different benefits for people who fall below certain financial thresholds or are in circumstances that qualify them for support. Receipt ofContinue reading “Survey Variable: State Benefits Received”

When thinking about people’s economic circumstances we need to consider not only their earnings and assets but also their liabilities, such as the bills and payments that they have to make. It is possible for someone with a high income or a great deal of wealth to nevertheless face financial difficulties if they have highContinue reading “Survey Variable: Keeping up with Bills”

There are many different facets of economic capital but one of the key distinctions is between income and wealth. The former is the amount of money that one receives each year, be it from a wage, a pension, or investments. By contrast, the latter covers the accumulated assets that one holds, be they in theContinue reading “Survey Variable: Income”

Respondents were asked to indicate approximately how long they spend on a range of common activities during an average weekday. Specifically, they were asked to indicate roughly how many hours they spend sleeping, caring for family, doing housework, doing their job, commuting to work, commuting to study (if applicable), studying (if applicable), looking after themselvesContinue reading “Survey Variable: Daily Use of Time”