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Once a Theory Is Proven Through Statistics, It Becomes a Widely

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Once a theory is proven through statistics, it becomes a widely accepted, unchanging psychological "law."


Definitions:

Gross Income

The total income earned by an individual or organization before any deductions, such as taxes or expenses, are applied.

U.S. Census Bureau

A key institution in the U.S. Federal Statistical System that creates statistical data on the American population and economic activities.

Disposable Income

The total funds available to households for saving and spending after subtracting income taxes.

Necessities

Items or services that are essential for basic human survival and functioning, such as food, water, and shelter.

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