The total combined income for the previous 12 months of the householder and all persons related to the householder by blood, marriage, or adoption who were living in the household as of the date of the first interview. Family income includes income from all sources, such as wages and salaries, net income from own business or own farm, social security, pensions, dividends, interest, rent and any other money income. The income of household members not related to the householder is not included in family income. ( American Travel Survey )
Family income includes all income (taxed and untaxed) for you and your parent/guardian (if you are a dependent student) that is reported on the Free Application for Federal Student Aid (FAFSA).
The total income earned by a family unit and used for family maintenance. Such income might be earned by more than one family member, such as in a situation where both spouses are employed. (See also: family income policy and family income rider.)
Refers to the total incomes of all members of a census family 15 years of age and over. A census family is a couple who are married or living common-law (with or without never-married sons or daughters living with them), or a lone parent living with at least one never-married son or daughter. (Source: 1996 Census Dictionary, Cat. No. 92-351-XPE, Statistics Canada)
Family income includes wages, salaries, rents from property, interest, dividends, profits and fees from their own businesses, pensions, and help from relatives.
In the 2000 survey, respondents were asked to quantify family income from all sources including wages, cash from government programs, alimony and child support, before taxes and other deductions. Family income is not very meaningful without adjusting for family size. Analysis of health insurance coverage uses federal poverty level (FPL) to adjust for family size. Each individual in the 2000 Survey is assigned to a federal poverty level according to reported family income and size. See definition of federal poverty level for more information about income ranges and family size.
A concept developed by the US Bureau of the Census. It refers to the combined gross money income of all members of a family living in the same household.
The income recorded by the NHIS is the total of all income received by members of the family in the 12 month period preceding the week of the interview. Income from all sources is included. Sources can be wages, salaries, rents from property, pensions, government payments, and help from relatives.
Family income is how much money your family makes. For example, Mr. Hernandez earns $20,000 a year working in a factory. Mrs. Hernandez works part-time in an office and makes about $200 a week, or $5,400 a year. The family income is $25,400. ($20,000 + $5,400 = $25,400)
Family income is generally considered a primary measure of a nation's financial prosperity.
