ELI5: Explain Like I'm 5

Personal income in the United States

Personal income in the United States is the money that people make each year. It comes from different places, like a job, investments, or businesses. The government also helps by giving people money in the form of government programs like Social Security, food stamps, and unemployment benefits. All of this money together is what makes up your personal income. The more money you make, the more money you get to spend on what you want and need. There are also taxes that people have to pay to the government, which are taken out of your income.