Private income

Private incomeis either:

• any type ofincomereceived by a private individual or household, often derived from occupational activities, or
• income of an individual that is not in the form of asalary,wage,orcommission(e.g. income frominvestmentsorrentingland or other property).

Many people with a private income of the second type are comfortably or well off and may not need a job for additional income. People in such a position can have other pursuits, e.g., as aphilanthropist,or in the past as agentleman scientist,artist,clergymanorwriter.Today among America's 146,000 highest income households, those making more than $1.6 million per year, 31% of all income was derived from investments.

See also

• Trust fund– Three-party fiduciary relationshipPages displaying short descriptions of redirect targets
• Passive income– Income that requires little to no effort to earn and maintain
• Unearned income– Income gained through ownership of land and other monopoly
• Economic rent– Difference between marginal product and opportunity cost