Dual Income
"Dual income" refers to a household where two adults earn wages or salaries, typically from full-time jobs. This arrangement can provide greater financial stability and increased purchasing power, allowing families to afford a better standard of living, save for the future, or invest in education and other opportunities.
In many cases, dual-income households may include both partners working in different fields, such as healthcare and technology. This diversification of income sources can help mitigate financial risks, as the loss of one job may not significantly impact the overall household finances.