Private income
From The Art and Popular Culture Encyclopedia
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Private income is either:
- any type of income received by a private individual or household, often derived from occupational activities, or
- income of an individual that is not in the form of a salary (e.g. income from investments).
Many people with a private income of the second type are comfortably or well off and may not need a job for additional income. People in such a position can have other pursuits, e.g., as a philanthropist, or in the past as a gentleman scientist. Today among America's 146,000 highest income households, those making more than $1.6 million per year, 31% of all income was derived from investments.
Unless indicated otherwise, the text in this article is either based on Wikipedia article "Private income" or another language Wikipedia page thereof used under the terms of the GNU Free Documentation License; or on research by Jahsonic and friends. See Art and Popular Culture's copyright notice.
