Panel on Household Finances (PHF)

The German Panel on Household Finances (PHF) is a representative panel survey on household finance and wealth in Germany, covering the balance sheet, pension, income, work life and other demographic characteristics of private households living in Germany. The panel survey is conducted by the Research Centre of the Deutsche Bundesbank with the support of the survey institute infas, Institute for Applied Social Sciences.

The first wave of the PHF was carried out in 2010/2011, the second and third wave in 2014 and 2017, respectively. 3,565 (wave 1), 4,461 (wave 2), and 4,942 (wave 3) randomly selected households were surveyed.

Aside from being an encompassing survey on household finance in Germany, the PHF is an integral part of the Household Finance and Consumption Survey (HFCS). This system of wealth surveys collects ex ante harmonised micro data in every country of the euro area.

Available modules

The PHF is divided into multiple survey waves that can be applied for individually or together.

Units worth protecting

No units worth protecting as the data is available as a scientific use file.