TABLE 3.

U.S. Surveys: Income Statements, various dates

	PSID	CES	SCF	HRS	SIPP
Income	67,187	65,316	83,863	79,779	61,431
Median	44,500	46,774	45,000	46,300	45,396
Labor Income	53,623	51,543	53,192	42,377	48,767
(% of total income)	(80)	(79)	(63)	(53)	(79)
Wages and salaries	53,473	51,543	53,192
Professional practice or trade	113
Other Labor Earnings	37
Production Income	3,748	3,075	11,347		1,144
(% of total income)	(6)	(5)	(14)		(2)
Business income (self-employment)	2,472	2,926	11,347
Rent	1,276	149			1,144
Other income	9,816	10,698	19,324	37,402	18,176
(% of total income)	(15)	(16)	(23)	(47)	(30)
Interest, dividends, etc	2,206	1,204	6,682	18,093
Government transfer receipts	1,302	5,812	10,670	12,415	7,294
Other transfer receipts, from business	131			423
Other transfer receipts, from persons		380	372
All other income	6,177	3,302	1,600	6,471	10,882
Expenditures	1,837	4,345	2,007	0	22,487
Production Costs
(% of total expenditures)
Depreciation
Capital losses
Business Expenses
Cost of Labor Provision
Cost of Other Production Activities
Taxes	1,837	4,345	2,007		2,798
(% of total expenditures)	(100)	(100)	(100)
Employment taxes		2,508			585
Other taxes	1,837	1,837	2,007		2,213
Net income	65,350	60,971	81,856	79,779	38,944

SOURCES: Panel Study of Income Dynamics (PSID) 2013, Consumer Expenditure Survey (CE) 2012, Survey of Consumer Finances (SCF) 2013, Health and Retirement Survey (HRS) 2012, and Survey of Income and Program Participation (SIPP) 2011. See Section 2 for more details.

NOTES: Table entries are average dollar values for the survey’s unit of observation, approximately a household. Income and expenses are reported for the prior 12 months, or annualized where necessary. Sampling weights provided by each survey were used in calculating the average values in accordance with the survey’s data documentation. A more detailed data appendix and the Stata programs used to construct the tables are available at https://www.bostonfed.org/about-the-boston-fed/business-areas/consumer-payments-research-center.aspx.