Family/Household Financial Resources
Measures of family/household financial resources capture the financial resources one has access to (less any outstanding debt).
Kahn JR, Fazio EM. Economic status over the life course and racial disparities in health. Journals of Gerontology: Social Sciences 60B (Special Issue II). 2005;60:85-92.
Do you own your home?
If you sold it today, how much money do you think you would get for it?
Suppose you needed money quickly and you cashed in all of your and your spouse's checking and savings accounts, stocks and bonds, and real estate (other than your principal home); if you added up what you got, about how much would that amount to?
Mossakowski KN. The influence of past unemployment duration on symptoms of depression among young women and men in the United States. American Journal of Public Health. 2009;99(10):1826-1832.
If you were to sell all of your major possessions (including your home), turn all your investments and other assets into cash, and pay all your debts, would you:
- Be in debt
- Break even
- Have something left over