Household income in the United States
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Household income in the United States
Household income is a measure commonly used by the United States government and private institutions, that counts the income of all residents over the age of 18 in each household, including not only all wages and salaries, but such items as unemployment insurance, disability payments, child support payments (not removing child support from wages and salaried yet counting it as overall income actually results in this money counting toward two households, artificially inflating the income between the two households), regular rental receipts, as well as any personal business, investment, or other kinds of income received routinely.[1] The residents of the household do not have to be related to the head of the household for their earnings to be considered part of the household's income.[2] As households tend to share a similar economic context, the use of household income remains among the most widely accepted measures
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