Survey of Consumer Attitudes and Behavior, October 2020 (ICPSR 38995)

Version Date: Jan 22, 2024

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Principal Investigator(s):
University of Michigan. Survey Research Center. Economic Behavior Program

Series:

https://doi.org/10.3886/ICPSR38995.v1

Version V1

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Summary

The Survey of Consumer Attitudes and Behavior series (also known as the Surveys of Consumers) was undertaken to measure changes in consumer attitudes and expectations, to understand why such changes occur, and to evaluate how they relate to consumer decisions to save, borrow, or make discretionary purchases. The data regularly include the Index of Consumer Sentiment, the Index of Current Economic Conditions, and the Index of Consumer Expectations. Since the 1940s, these surveys have been produced quarterly through 1977 and monthly thereafter.

The surveys conducted in 2020 focused on topics such as evaluations and expectations about personal finances, employment, price changes, and the national business situation. Opinions were collected regarding respondents' appraisals of present market conditions for purchasing houses, automobiles, computers, and other durables.

Also explored in this survey, were respondents' feeling about life, mortgage refinancing, political affiliation, stimulus rebate, and the Corona virus. Demographic information includes ethnic origin, sex, age, marital status, and education.

Citation

University of Michigan. Survey Research Center. Economic Behavior Program. Survey of Consumer Attitudes and Behavior, October 2020. Inter-university Consortium for Political and Social Research [distributor], 2024-01-22. https://doi.org/10.3886/ICPSR38995.v1

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Subject Terms

Geographic Coverage

Smallest Geographic Unit

FIPS code

Restrictions

This data collection may not be used for any purpose other than statistical reporting and analysis. Use of these data to learn the identity of any person or establishment is prohibited. To protect respondent privacy, some of the data files in this collection are restricted from general dissemination. To obtain these restricted files researchers must agree to the terms and conditions of a Restricted Data Use Agreement.

Distributor(s)

Inter-university Consortium for Political and Social Research
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Time Period(s)

2020-10

Date of Collection

2020-09-30 -- 2020-10-26

Data Collection Notes

  1. Information on the Index of Consumer Sentiment, the Index of Current Economic Conditions, and the Index of Consumer Expectations and how they were created can be found in the P.I. Codebook.

  2. Additional information on the Surveys of Consumers can be found by visiting the Survey of Consumers Website.
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Study Purpose

The purpose of this survey series is to forecast changes in aggregate consumer behavior.

Study Design

This survey is a rotating panel design. For each monthly sample, an independent cross-section sample of households is drawn. The respondents chosen in this drawing are then reinterviewed six months later. The result is a rotating panel design, and the total sample for any one survey is normally made up of 60 percent new respondents with 40 percent being interviewed for the second time.

Sample

National sample of telephone numbers from cell (RDD) sampling frame.

Time Method

Longitudinal: Trend / Repeated Cross-section

Universe

Persons aged 18 years or older living in households with telephones in the coterminous United States.

Unit(s) of Observation

Individual, Household

Data Type(s)

Mode of Data Collection

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Original Release Date

2024-01-22

Version History

2024-01-22 ICPSR data undergo a confidentiality review and are altered when necessary to limit the risk of disclosure. ICPSR also routinely creates ready-to-go data files along with setups in the major statistical software formats as well as standard codebooks to accompany the data. In addition to these procedures, ICPSR performed the following processing steps for this data collection:

  • Created variable labels and/or value labels.
  • Performed recodes and/or calculated derived variables.
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Weight

The data are not weighted, however, this collection contains three weight variables; WT (Household weight (WT_HH renamed)), WT_HH (Household weight), and WT_AD (Adult weight) that must be used in any analysis. For more information on weights and sampling, please refer to the documentation and/or visit the Survey of Consumers Website.

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Notes