Household Income Amount

A Household Income Amount is an income value for a household income measure.

• Context:
  • It can include Individual Income and Investment Income.
  • It can range from being Household's Gross Income to being a Household's Disposable Income.
  • It can range from being a Poverty-level Household Income to being a Basic Household Income to being a Wealthy Household Income.
  • It can range from being a Lower-Class Household Income to being a Middle-Class Household Income to being a Upper-Class Household Income.
  • …
• Example(s):
  • Disposable Household Weekly Income.
  • U.S. 2013 Median Household Income.
  • …
• Counter-Example(s):
  • a Household Expenses.
  • a Household Wealth Amount (which reference a household debt amount).
  • an Individual Income.
• See: Household Wealth, Household Income Class.

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References

2014

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/household_income Retrieved:2014-6-22.
  • Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. It includes every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamps, and investment gains.

    Average household income can be used as an indicator for the monetary well-being of a country's citizens. Mean or median net household income, after taxes and mandatory contributions, are good indicators of standard of living, because they include only disposable income and acknowledge people sharing accommodation benefit from pooling at least some of their living costs.

    Average household incomes need not map directly to measures of an individual's earnings such as per capita income as numbers of people sharing households and numbers of income earners per household can vary significantly between regions and over time.

• http://www.publicopiniononline.com/local/ci_26264965/making-ends-meet-franklin-countys-low-wage-workers
  • QUOTE: … Susan, 41, Chambersburg and her husband make a combined total of around 26,000 a year, which is used to support them and their two sons, aged 18 and 15. …

    … Lisa, 43, Chambersburg is a single mother to a 4-year-old daughter, and makes between $8,000 and $9,000 a year for the two of them to live on.

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