Household income in the United States

Hello there! Today we are going to talk about household income in the United States.

Do you know what a household is? It is a group of people who live together – like a family. And household income means, how much money a whole family makes together in a year.

Now, let's talk about how people get this money. Some people work in offices, schools, hospitals, and other places. They get paid every week, every two weeks or every month. This money is called a salary or a wage. Some people also own their own businesses and they make money from selling things or providing services.

Nowadays, many people also make money from home by working on computers or the internet. They can do jobs like graphic designing, writing, or helping people with their problems on the phone.

The amount of money a household makes in a year depends on many things. What kind of work the people do, how much they work, and how much they earn per hour or per year. Also, where people live in the United States can also affect how much money they make.

If a household makes less than a certain amount of money in a year, they may qualify for help from the government. This help may include things like food stamps or health insurance.

So, that is a brief ELI5 explanation of household income in the United States. It is important to remember that everyone works hard to make money, and the amount of money people make can vary a lot depending on many different things.