Survey of Consumer Finances (SCF)

Summary of changes

Activity on this program started: 1951

Reference period of change - 1997

Starting with 1998 income statistics, the Survey of Labour and Income Dynamics (SLID - Survey 3889) will be used to produce annual cross-sectional income estimates in addition to longitudinal labour and income data. Integration of the cross-sectional and longitudinal income statistics programs will promote consistency among income estimates, lower the cost of the income statistics program and reduce the respondent reporting burden.

Results from SLID and the Survey of Consumer Finances have been compared in detail to assess the differences and the impact on time-series consistency. Essentially, the two surveys tell the same story with respect to low income and income distribution.

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