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Description

SPMFTOTVAL is an SPM family unit's (SPMFAMUNIT) total cash income, rounded to the nearest dollar. Income sources in the ACS include wages and salary, self-employment income, interests, dividends, net rental income, royalty income, income from estates and trusts, Social Security, Supplemental Security Income, public assistance, retirement income, pensions, survivor or disability benefits, and any other income received regularly.

SPMFTOTVAL is used to calculate SPMTOTRES.

It is important for users to note that the Census Bureau does not collect the same detailed income and expenditure data for the ACS as it does for the Annual Social and Economic Supplement of the Current Population Survey (CPS ASEC). Many of the data points used to calculate the SPM have been imputed or estimated using values from the CPS ASEC. For detailed information about how the Census Bureau derived these measures, please refer to the Supplemental Poverty Measure using the American Community Survey working paper.