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household income. Total income from all people living in a particular household. Income refers not only to the salaries and benefits received but also to receipts from any personal business, investments, dividends and other income. Furthermore, household members do not need to be related to be part of a household.
Specifically, readers want to know if the governmentâs definition of âhousehold incomeâ translates simply to an individual salary earned on a job, or if it includes every source of revenue earned by all members of a household, including seniors.