What Is a Family Income?

Including currency income and in-kind income. Monetary income includes wages, bonuses, allowances, subsidies, labor insurance benefits paid in cash, medical expenses; one-time resettlement fees, economic compensation, survivors' living allowances; retirement pensions, basic living expenses, pensions, unemployment insurance benefits, relief Gold; deposits and interest, marketable securities and dividends; leases, gifts, inheritance income and income from the use of concessions; maintenance, support (support) maintenance; part-time income, self-employment income, accidental income, and other income derived through labor are legal income.

Household income

Including currency income and in-kind income.

It mainly includes: 1. Income from planting, breeding, processing, and labor services; 2. Maintenance, support (support) maintenance, inheritance of inheritance or gifts according to law; 3. Circulation income of land contract right, income from property lease or sale, collective dividends and Dividends, savings deposits and interest income, securities and other securities and their gains; 4. Social endowment insurance, commercial endowment insurance, commercial medical insurance, land acquisition compensation and resettlement fees, subsidies for reservoir resettlement, food Direct subsidies.

Refers to households whose per capita income and family property status meet the low-income standards set by the local people's government.

The Shanghai area is mainly called low-income families whose total income of family members does not meet the requirements of the Shanghai regional government. Family members refer to people who have legal maintenance, support or inheritance and live together. Residents must have a local official account. Urban households with minimum subsistence allowances and special hardship workers' families can be directly identified as urban low-income families, and family income verification will not be repeated. The Ministry of Civil Affairs stated that the current identification of low-income families is mainly used as the basis for urban residents' families to apply for guarantees such as low-rent housing, affordable housing, and two-limit housing. It is expected to expand to other areas of security such as social assistance in the future.

The emergence and existence of low-income families is not that the socio-economic development is not high enough, but that high-income jobs or conditions are quite far away from those families. If China implements the policy of mutual assistance between high and low economic families, it will soon reduce the number of low-income families, thereby reducing the burden on the country and society.

Refers to households with higher economic income who are able to purchase or rent housing at market prices.