Family income is generally considered a primary measure of a nation's financial prosperity.
In the
United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...
, political parties perennially disagree over which economic policies are more likely to increase family income. The party in power often takes the credit (or blame) for any significant changes in family income.
See also
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Median household income
The median income is the income amount that divides a population into two equal groups, half having an income above that amount, and half having an income below that amount. It may differ from the mean (or average) income. Both of these are ways o ...
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Personal income
In economics, personal income refers to an individual's total earnings from wages, investment enterprises, and other ventures. It is the sum of all the incomes received by all the individuals or household during a given period. Personal income is ...
Household income
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