What is the difference between earned income and unearned income?
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Earned Income
The monetary benefit you receive for the work you do.
Unearned Income
The money you receive without actively working, often associated with "passive income".
The monetary benefit you receive for the work you do.
Unearned Income
The money you receive without actively working, often associated with "passive income".
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Earned income is the income you earn, as the name suggests, the work you put in, you get paid for it.
Earned income is a benefit but a monetary right.
Unearned income is something you get which you don’t earn, as the name suggests.
It is a benefit but it is not a monetary right.
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