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Personal Income In The United States
Personal income is an individual's total earnings from wages, investment interest, and other sources. The Bureau of Labor Statistics reported a median weekly personal income of $1,037 for full-time workers in Q1 2022. For the year 2020, the U.S. Census Bureau estimates that the median annual earnings for all workers (aged 15 and over) was $41,535; and more specifically estimates that median annual earnings for those who worked full-time, year round, was $56,287. Income patterns are evident on the basis of age, sex, ethnicity and educational characteristics. In 2005 roughly half of all those with graduate degrees were among the nation's top 15% of income earners. Among different demographics (gender, marital status, ethnicity) for those over the age of 18, median personal income ranged from $3,317 for an unemployed, married Asian American female to $55,935 for a full-time, year-round employed Asian American male. According to the US Census, men tended to have higher income than ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wages In The United States
A wage is payment made by an employer to an employee for work done in a specific period of time. Some examples of wage payments include compensatory payments such as ''minimum wage'', ''prevailing wage'', and ''yearly bonuses,'' and remunerative payments such as ''prizes'' and ''tip payouts.'' Wages are part of the expenses that are involved in running a business. It is an obligation to the employee regardless of the profitability of the company. Payment by wage contrasts with salaried work, in which the employer pays an arranged amount at steady intervals (such as a week or month) regardless of hours worked, with commission which conditions pay on individual performance, and with compensation based on the performance of the company as a whole. Waged employees may also receive tips or gratuity paid directly by clients and employee benefits which are non-monetary forms of compensation. Since wage labour is the predominant form of work, the term "wage" sometimes refers to all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Community Survey
The American Community Survey (ACS) is a demographics survey program conducted by the U.S. Census Bureau. It regularly gathers information previously contained only in the long form of the decennial census, such as ancestry, citizenship, educational attainment, income, language proficiency, migration, disability, employment, and housing characteristics. These data are used by many public-sector, private-sector, and not-for-profit stakeholders to allocate funding, track shifting demographics, plan for emergencies, and learn about local communities. Sent to approximately 295,000 addresses monthly (or 3.5 million per year), it is the largest household survey that the Census Bureau administers. The American Community Survey gathers information annually in the 50 U.S. states, the District of Columbia, and Puerto Rico — however it does not gather information in four major U.S. territories ( American Samoa, Guam, the Northern Mariana Islands, and the U.S. Virgin Islands).htt ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adjusted Gross Income
In the United States income tax system, adjusted gross income (AGI) is an individual's total gross income minus specific deductions. It is used to calculate taxable income, which is AGI minus allowances for personal exemptions and itemized deductions. For most individual tax purposes, AGI is more relevant than gross income. Gross income is sales price of goods or property, minus cost of the property sold, plus other income. It includes wages, interest, dividends, business income, rental income, and all other types of income. Adjusted gross income is gross income less deductions from a business or rental activity and 21 other specific items. Several deductions (''e.g.'' medical expenses and miscellaneous itemized deductions) are limited based on a percentage of AGI. Certain phase outs, including those of lower tax rates and itemized deductions, are based on levels of AGI. Many states base state income tax on AGI with certain deductions. Adjusted gross income is calculated ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Racial Income Gap
In the United States, despite the efforts of equality proponents, income inequality persists among races and ethnicities. Asian Americans have the highest median income, followed by White Americans, Hispanic Americans, African Americans, and Native Americans. A variety of explanations for these differences have been proposed—such as differing access to education, two parent home family structure (70% of African American children are born to parents who are not legally married), high school dropout rates and experience of discrimination and deep-seated and systemic anti-Black racism—and the topic is highly controversial. When the Civil Rights Act of 1964 was passed, it became illegal for employers to discriminate based on race; however, income disparities have not flattened out. After the passage of the act, the wage gap for minority groups narrowed, both in absolute difference with white wages and as a percentage of white wages, until the mid-1970s; at this time, progress fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Asian American
Asian Americans are Americans of Asian ancestry (including naturalized Americans who are immigrants from specific regions in Asia and descendants of such immigrants). Although this term had historically been used for all the indigenous peoples of the continent of Asia, the usage of the term "Asian" by the United States Census Bureau only includes people with origins or ancestry from the Far East, Southeast Asia, and the Indian subcontinent and excludes people with ethnic origins in certain parts of Asia, including West Asia who are now categorized as Middle Eastern Americans. The "Asian" census category includes people who indicate their race(s) on the census as "Asian" or reported entries such as " Chinese, Indian, Filipino, Vietnamese, Indonesian, Korean, Japanese, Pakistani, Malaysian, and Other Asian". In 2020, Americans who identified as Asian alone (19,886,049) or in combination with other races (4,114,949) made up 7.2% of the U.S. population. Chinese, Indian, a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Age Personal Income
Age or AGE may refer to: Time and its effects * Age, the amount of time someone or something has been Life, alive or has existed ** East Asian age reckoning, an Asian system of marking age starting at 1 * Ageing or aging, the process of becoming old age, older ** Senescence, the gradual deterioration of biological function with age ** Human development (biology) * Periodization, the process of categorizing the past into discrete named blocks of time ** Ages of Man, the stages of human existence on the Earth according to Greek mythology and its subsequent Roman interpretation **Prehistory, Prehistoric age Places * AGE, the IATA airport code for Wangerooge Airfield, in Lower Saxony, Germany People * Åge, a given name * Aage, a given name * Agenore Incrocci, an Italian screenwriter Arts, entertainment, and media Fictional entities * ''Ages'', worlds in the Myst (series), ''Myst'' video game series Music * Age (song), "Age" (song), a song by Jim and Ingrid Croce Periodicals * Age ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poverty In The United States
In the United States, poverty has both social and political implications. In 2020, there were 37.2 million people in poverty. Some of the many causes include income inequality, inflation, unemployment, debt traps and poor education.Western, B. & Pettit, B., (2010)Incarceration and social inequality.Daedalus, 139(3), 8-19 The vast majority of people living in poverty are less educated and end up in a state of unemployment;Census.gov, (September, 2017) Income and Poverty in the United States: 2016. Retrieved from https://www.census.gov/content/dam/Census/library/publications/2017/demo/P60-259.pdf higher incarceration rates have also been observed. Although the US is a relatively wealthy country by international standards, poverty has consistently been present throughout the United States, along with efforts to alleviate it, from New Deal-era legislation during the Great Depression, to the national war on poverty in the 1960s and poverty alleviation efforts during the 2008 Grea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minimum Wage In The United States
In the United States, the minimum wage is set by U.S. labor law and a range of state and local laws. The first federal minimum wage was instituted in the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but later found to be unconstitutional. In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($ in dollars). Its purchasing power peaked in 1968, at $1.60 ($ in dollars). Since 2009, it has been $7.25 per hour. Employers have to pay workers the highest minimum wage of those prescribed by federal, state, and local laws. In January 2020, 29 states and the District of Columbia had minimum wages higher than the federal minimum, so that almost 90% of Americans earning just minimum wage got more than $7.25 an hour. The effective nationwide minimum wage (the wage that the average minimum-wage worker earns) was $11.80 in May 2019; this was the highest it had been since at least 1994, the earliest year for which effective ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Household Income In The United States
Household income is an economic standard that can be applied to one household, or aggregated across a large group such as a county, city, or the whole country. It is commonly used by the United States government and private institutions to describe a household's economic status or to track economic trends in the US. A key measure of household income is the median income, at which half of households have income above that level and half below. The U.S. Census Bureau reports two median household income estimates based on data from two surveys: the Current Population Survey (CPS) and the American Community Survey (ACS). The CPS is the recommended source for national-level estimates, whereas the ACS gives estimates for many geographic levels. According to the CPS, the median household income was $63,179 in 2018. According to the ACS, the U.S. median household income in 2018 was $61,937. Estimates for previous years are given in terms of real income, which have been adjuste ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Doctorate
A doctorate (from Latin ''docere'', "to teach"), doctor's degree (from Latin ''doctor'', "teacher"), or doctoral degree is an academic degree awarded by universities and some other educational institutions, derived from the ancient formalism '' licentia docendi'' ("licence to teach"). In most countries, a research degree qualifies the holder to teach at university level in the degree's field or work in a specific profession. There are a number of doctoral degrees; the most common is the Doctor of Philosophy (PhD), awarded in many different fields, ranging from the humanities to scientific disciplines. In the United States and some other countries, there are also some types of technical or professional degrees that include "doctor" in their name and are classified as a doctorate in some of those countries. Professional doctorates historically came about to meet the needs of practitioners in a variety of disciplines. Many universities also award honorary doctorates to individ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Professional Degree
A professional degree, formerly known in the US as a first professional degree, is a degree that prepares someone to work in a particular profession, practice, or industry sector often meeting the academic requirements for licensure or accreditation. Professional degrees may be either graduate or undergraduate entry, depending on the profession concerned and the country, and may be classified as bachelor's, master's, or doctoral degrees. For a variety of reasons, professional degrees may bear the name of a different level of qualification from their classification in qualifications, e.g., some UK professional degrees are named bachelor's but are at master's level, while some Australian and Canadian professional degrees have the name "doctor" but are classified as master's or bachelor's degrees. History History of professional degrees in Europe The first doctorates were awarded in the mid twelfth century to recognise teachers (doctors) in mediaeval universities, either in civil la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Master's Degree
A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice. A master's degree normally requires previous study at the bachelor's degree, bachelor's level, either as a separate degree or as part of an integrated course. Within the area studied, master's graduates are expected to possess advanced knowledge of a specialized body of theoretical and applied topics; high order skills in analysis, [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
