General Information

The Central Bank of Luxembourg is a member of the Eurosystem Household Finance and Consumption Network (HFCN), established in 2006 to coordinate the collection of individual data on the financial situation and economic behaviour of households across the euro area. One of the main aims is to obtain more detailed and comparable micro level statistics on households in the euro area. This new source of information on households’ financial decisions contributes to economic research in various European policy areas. A more detailed description of this Eurosystem project, its objectives and related documents can be found here.

The Central Bank of Luxembourg conducts two separate surveys in this context:

i) the Luxembourg Household Finance and Consumption Survey (LU-HFCS) among resident households in Luxembourg and

ii) the Cross-border Household Finance and Consumption Survey (XB-HFCS) among cross-border households where at least one household member exerts her professional activity in Luxembourg.


The first wave was conducted in 2010/11, followed by three additional waves in 2014, 2018, and 2021. The fifth wave  is currently underway.

Data will be collected from approximately 1,600 resident households in Luxembourg and 1,600 cross-border commuter households.


The LU-HFCS collects detailed information on households’ assets, liabilities, their income and consumption. The Cross-border HFCS is a specific companion survey to the LU-HFCS aiming to collect comparable information for cross-border commuter households. Obtaining detailed information about cross-border commuter households is very relevant, as they account for more than 40% of employment in Luxembourg, yet little is known about their financial situation and their economic behaviour. For both surveys, households are randomly selected and invited to participate in a personal interview. Both surveys have in common that the fieldwork is conducted by the Luxembourg Institute of Socio-Economic Research (LISER), a Luxembourg based research institute with long-standing expertise in the collection of household data by means of personal and web-based interviews.