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Reply to "Definition of Household Income"
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[quote=Anonymous]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. I think several people on DCUM are shocked at the high figures being thrown around because it includes EVERY FORM OF INCOME. Many are probably only listing salaries and wages. If you consider that there is some old money in this area and some people have lots or rental income, these other sources of income can be a bigger part of HHI than salaries. On the other hand, I think earnings from retirement savings, and unrealized gains are excluded. So how many of you were not using the correct definition of HHI?[/quote]
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