Household Finance and Consumption Survey


The Eurosystem’s Household Finance and Consumption Survey (HFCS) collects household-level data on households’ finances and consumption. The HFCS is conducted at the national level. In Luxembourg, the HFCS is conducted by the BCL, jointly with LISER. The fieldwork for the first wave took place between Autumn 2010 and Spring 2011. The second wave was conducted in 2014, with intention to repeat this survey every three years in the future.


The Household Finance and Consumption Network (HFCN) consists of survey specialists, statisticians and economists from the ECB, the national central banks of the Eurosystem and a number of national statistical institutes.

  • Documents for sampled households in Luxembourg


  • Ziegelmeyer, M. (2015): Other Real Estate Property in Selected Euro Area Countries, BCL WP 99.
  • Arrondel, L., L. Bartilioro, P. Fessler, P. Lindner, T.Y. Mathä, C. Rampazzi, F. Savignac, T. Schmidt, M. Schürz and P. Vermeulen (2016): How do households allocate their assets? Stylized facts from the Eurosystem Household Finance and Consumption Survey, BCL WP 94, published in International Journal of Central Banking, 12(2): 129-220.
  • Le Blanc, J., A. Porpiglia, F. Teppa, J. Zhu and M. Ziegelmeyer (2016): Household saving behaviour and credit constraints in the euro area, BCL WP 93,published in International Journal of Central Banking, 12(2): 15-69.
  • Ehrmann, M. and M. Ziegelmeyer (2016): Household risk management and actual mortgage choice in the euro area by, BCL WP 84, forthcoming as Mortgage choice in the euro area - Macroeconomic determinants and the effect of monetary policy on debt, Journal of Money, Credit and Banking.