Eesti Pank is again surveying the financial behaviour of households
From 2 March until 30 June, Eesti Pank and Statistics Estonia will be carrying out research in order to collect information on the assets, liabilities, income and expenses of Estonian households. The survey is being run by the central banks of all the euro area countries in 2020 and is coordinated by the European Central Bank.
The Household Finance and Consumption Survey (HFCS) is carried out regularly every three years in the countries of the euro area. Estonia is participating in the project for the third time. The research aims to collect internationally comparable data from all the euro area countries. Central banks use the data in their economic policy analysis, for assessing the impact of monetary policy, analysing financial stability and payment systems, and much more.
Households that have previously taken part in the survey are contacted again, together with new households that are selected by random sampling. In total, around 3600 households will be invited to participate in the survey. The interviews for the survey will be carried out face to face, but the data collected will only be published in generalised form. Statistics Estonia and Eesti Pank ensure that the data of survey participants and the anonymity of the participants are protected.
The questions are presented in two groups, firstly questions on the household as a whole, and then questions for each individual member of the household. The questions in the survey on the household as a whole are answered by the person who knows the family finances best, and the individual questions are answered by household members aged 16 and over.
The results of the survey will be published in 2022.
The results of the survey conducted in Estonia in 2017 can be found on the Eesti Pank website.