Related topics: earnings

Solar evaporator offers a fresh route to fresh water

About a billion people around the world lack access to safe drinking water. Desalinating salty water into drinkable water can help to fill this dangerous gap. But traditional desalination systems are far too expensive to ...

After-school programs improve academic outcomes, study finds

A study of after-school programs in Connecticut led by UConn researchers suggests that students who participate for several years in programs sponsored by 21st Century Community Learning Centers have higher attendance in ...

Lower pension, shorter life

Income and social status have an increasing effect on life expectancy in Germany. On average, men with very low retirement pay die five years earlier than those who are much better off. Poverty shortens life. According to ...

Millennials hurt most by middle class squeeze: OECD

The middle class is getting squeezed and it is the millennial generation above all that is bearing the brunt, the OECD said, urging action to help households struggling with the rising cost of education and housing as incomes ...

Toxic neighborhoods and social mobility

How much does growing up in a healthy and cohesive community, or lack thereof, contribute to later long-term economic and social success in adulthood? Quite a lot, it would seem. Two Harvard sociologists, Robert Manduca and ...

Car-sharing offers ways to profit from or ditch personal car

While a growing number of Americans are struggling to make payments on their auto loans, a new crop of companies is offering alternative ways for car owners to get rid of costly vehicles or earn money while their cars would ...

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Income

Income is the consumption and savings opportunity gained by an entity within a specified time frame, which is generally expressed in monetary terms. However, for households and individuals, "income is the sum of all the wages, salaries, profits, interests payments, rents and other forms of earnings received... in a given period of time." For firms, income generally refers to net-profit: what remains of revenue after expenses have been subtracted. In the field of public economics, it may refer to the accumulation of both monetary and non-monetary consumption ability, the former being used as a proxy for total income.

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