The Household Finances Survey's (HFS's) data source is a combination of data from the longitudinal Survey on Living Conditions (SLC) and the cross-sectional Living Costs and Food (LCF) survey. Both the SLC and the LCF are conducted throughout the year and across the whole of the UK.
Together, the SLC and the LCF provide common variables on income, employment, benefits and pensions. These harmonised variables create the "core" of the HFS output. The LCF includes some additional expenditure questions while the SLC contains a policy-relevant module that is regularly reviewed.
HFS data provide essential information on household income, its distribution across the population and how it is changing over time. The HFS bulletin is one of the most widely accessed bulletins produced by the Office for National Statistics (ONS).
The HFS is an important source of data for a range of government and other research agencies, helping analysts and policy makers to understand how different sections of society are managing. The data are used to monitor and inform policies aimed at combating poverty and social exclusion.Back to table of contents