Investopedia

Continue to Site »

Household Income

Filed Under »
Dictionary Says

Definition of 'Household Income'

The combined gross income of all the members of a household who are 15 years old and older. Individuals do not have to be related in any way to be considered members of the same household. Alternatively, household income is the combined income of all members of a household who jointly apply for credit. Household income is an important risk measure used by lenders for underwriting loans.
Investopedia Says

Investopedia explains 'Household Income'

Average household income is a frequently reported economic statistic. Because many households consist of a single person, average household income is usually less than average family income, another frequently reported economic statistic, because a household consisting of a single person is not included in the average family income calculation.

Articles Of Interest

  1.

    Budget Without Blowing Off Your Friends

    With a little planning, you can maintain your social life without breaking the bank.

  2. Understanding Your Mortgage

    We walk through the steps needed to secure the best loan to finance the purchase of your home.

  3. Mortgages: How Much Can You Afford?

    Answering this means number-crunching as well as factoring in other considerations and expenses.

  4. 4 Steps To Attaining A Mortgage

    It starts with knowing your choices as well as your price range. We show you how to get there.

  5. Why The Consumer Price Index Is Controversial

    Find out why economists are torn about how to calculate inflation.

  6. 5 Ways To Stretch Your Retirement Budget

    Living comfortably can be easy if you follow a simple plan.

  7. Net Worth Of Citizens Around The World

    Here's a look at which countries have the highest net worth per citizen and which have the lowest.

  8. The Psychology Of Poverty

    Though there are many factors that influence consumers' spending habits, household income is one of the most influential factors.

  9. U.S. Or Canada: Which Country Is Best To Call Home?

    There are unique benefits to living both above and below the 49th parallel. Find out which of these great nations best suits your value system.

  10. The True Cost Of Poverty

    Nearly 47% of Americans live at or below the poverty line. Despite safety nets, lower-income people still face challenges.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Disaster Loss

    A special type of tax-deductible loss, similar to a casualty loss, where a loss has been incurred by taxpayers who reside in an area that has been designated as a federal disaster area by the President.

  2. Fool In The Shower

    The notion that changes or policies designed to alter the course of the economy should be done slowly, rather than all at once.

  3. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  4. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  5. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  6. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.
Trading Center