personal income

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Personal income

Total income received from all sources, including wages, salaries, or rents, and the like.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Personal Income

A regular compensation that an individual receives in the form of salary, wages, tips, rents, and/or other sources. An individual earns personal income in order to pay for personal expenses, such as one's mortgage, debt service, groceries, and so forth. Personal income is necessary for an economy to function. Most governments tax personal income differently from both corporate income and investment income.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

personal income

The pretax income of individuals and unincorporated businesses. Personal income is an inferior measure of the economy compared with disposable income; however, personal income is easier to compute and is made available on a monthly basis, while disposable income is calculated on a quarterly basis.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
To calculate the per capita figure, the bureau divided the county's total personal income by its 2006 population of 340,090.
$30,825: Lane County's per capita personal income in 2006
8: Lane County's ranking in per capita personal income compared with 35 other Oregon counties
* Per capita personal income (PCPI) is estimated by dividing total personal income of residents by the resident population as of July 1 ofa particular year.
* Per capita disposable personal income (PCDPI) is estimated by dividing the disposable personal income of an area by its resident population.
* Disposable personal income (DPI) personal income available to residents of an area after personal tax and nontax payments have been deducted from their total personal income.
where APC is average propensity to consume, PI is personal income, DPI is disposable personal income, PCE is personal consumption expenditures, and T is tax and nontax payments.
The divergences occur because any change in tax payments affects disposable personal income dollar-for- dollar but has no effect on personal income.
Per capita personal income (PCPI) which divides personal income up among all the state residents, is often used as a measurement tool of the relative economic position of areas.
(See Tables 4 and 7.) TABLE 5 Disposable Personal Income as a % of Total Personal Income 1994 and 1998 1994 1998 Iowa 87.8% 86.1% Kansas 87.5% 85.1% Minnesota 85.1% 82.0% Missouri 87.7% 85.7% Nebraska 88.2% 86.0% North Dakota 89.5% 88.3% South Dakota 90.7% 89.4% Plains Region 87.2% 84.9% United States 87.1% 84.6% Source: Compiled from data in Tables 1 and 4

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