When financial articles talk about how much people make, which income figures do they use?

0 ⤊

When financial articles talk about how much people make, which income figures do they use?

Are they talking about: a) stated salary; b) gross income before taxes; c) Federal "Adjusted Gross Income; or what?

2007-11-06 00:32:12 · 2 answers · asked by AndyM 2 in Business & Finance ➔ Careers & Employment ➔ Financial Services

2 answers

It really depends on the context of articles. However, when discussing personal finance generally it is referring to gross income. There are plenty of people who reads Forbes and Fortune magazines in the high income bracket with little earned income (salary).

Best wishes.

2007-11-08 20:52:13 · answer #1 · answered by JQT 6 · 0⤊ 0⤋

They are talking about stated salary. The reporters don't know how much people make from investments and savings and such.

2007-11-06 00:43:54 · answer #2 · answered by hottotrot1_usa 7 · 0⤊ 0⤋