Economic Position of Farm Families When Money Income and Net Worth Are Combined

Farm families have historically had lower money incomes and a less equal distribution of money income than nonfarm families. However, when net worth was included in a measure of economic well-being for farm families, the median level increased and inequality in the distribution decreased. The distribution of well-being of U.S. farm families in 1966 closely approximated that of all U.S. families when the broader well-being measure was used.