Concept information
Preferred term
household income
Definition
- HOUSEHOLD INCOME IS regarded as a critical variable for measuring the economic well-being of families and households and an important indicator of household welfare and poverty status. Increases in income in the long run contribute to an improved quality of life, because income provides the means to obtain nutrition, health, education, and overall socioeconomic status. [Source: Encyclopedia of World Poverty; Household Income]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/household_income
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