Household Finance and Consumption Survey (HFCS) in Czechia

Jiří Vopravil, Táňa Dvornáková, Barbora Linhartová Jiřičková
Statistika, 105(1): 123–130
https://doi.org/10.54694/stat.2024.38

Abstract
Household Finance and Consumption Survey (HFCS) is a survey focused mainly on mapping financial and assets situation of households. In Czechia, the survey has been conducted annually since 2020 under the name Finanční situace domácností (FSD). The article focuses on the implementation of the survey in the Czech setting, mainly describing the cooperation between the Czech Statistical Office and the Czech National Bank. A particular attention is paid to the methodological aspect of FSD as well as to the survey’s main outcomes, primarily the net wealth indicator. The integration of FSD into the EU-SILC (European Union – Statistics on Income and Living Conditions) survey enables annual data collection and publication of main results, as well as the reduction of respondent burden.

Keywords
Household Finance and Consumption Survey (HFCS), net wealth, household survey, EU-SILC