is there an wealth variable for each individual in the cps?


#1

Which variable would be the most appropriate to use for individual wealth?


#2

There are numerous income variables and several earnings variables available in the CPS, but nothing that cleanly identifies wealth. You may be able to create a rough proxy for wealth by combining some of the economic characteristics of each household, but there may be a substantial amount of error in this proxy variable. For more information on wealth, see this US Census Bureau page.