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Ekstrom Library

Government Resources: Economy: Income, Personal

What is Personal Income?

Personal income is the income received by all persons from all sources. Personal income is the sum of net earnings by place of residence; dividends interest, and rental income (property income) of persons; and personal current transfer receipts. Net earnings is earnings by place of work (the sum of wage and salary disbursements (payrolls), supplements to wages and salaries, and proprietors' income) less contributions for government social insurance, plus an adjustment to convert earnings by place of work to a place-of- residence basis. Personal income is measured before the deduction of personal income taxes and other personal taxes and is reported in current dollars (no adjustment is made for price changes).Source: FedStats

Personal Income: Percent Change

Personal Income Percent Change

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