Our analytic approach is, in most cases, to relate reported hardships to household characteristics at the time of the response. For example, we examine the prevalence of some hardships during the past 12 months among households whose income in the current month is high, medium, or low. As discussed in the previous section, this can perhaps be misleading if the current household characteristics are not reflective of the time when hardship was experienced.
An exception to measuring household characteristics at the time the Adult Well-Being Module was administered occurs with regard to assets. Assets were measured in Wave 6 and Wave 9, while the Adult Well-Being Module was administered in Wave 8. We associate hardships reported in Wave 8 with the assets of the household in which the apparent respondent lived during Wave 6.