Single-Income
A "Single-Income" household refers to a family or living situation where only one person earns money to support everyone. This can include various family structures, such as a single parent raising children or a couple where one partner chooses to stay home while the other works. The single income must cover all expenses, including housing, food, and education.
Managing a single-income household can be challenging, as it requires careful budgeting and financial planning. Families may need to prioritize essential expenses and find ways to save money. In some cases, the single earner may also seek additional income through side jobs or freelance work to supplement their earnings.