Household Name is about a family who gets a chance to buy the house of their dreams but under extremely abnormal circumstances: They must live with the current owner, an eccentric, larger-than-life actress (Carol Burnett) — until she dies.

Type: Scripted

Languages: English

Status: In Development

Runtime: 30 minutes

Premier: None

Household Name - Household income in the United States - Netflix

Household income is an economic measure that can be applied to one household, or aggregated across a large group such as a county, city, or the whole country. It is commonly used by the United States government and private institutions to describe a household's economic status or to track economic trends in the US. One key measure is the real median level, meaning half of households have income above that level and half below, adjusted for inflation. According to the Census, this measure was $59,039 in 2016, a record high. This was the largest two year percentage increase on record. The distribution of U.S. household income has become more unequal since around 1980, with the income share received by the top 1% trending upward from around 10% or less over the 1953–1981 period to over 20% by 2007. After falling somewhat due to the Great Recession in 2008 and 2009, inequality rose again during the economic recovery, a typical pattern historically.

Household Name - Education and gender - Netflix

SOURCE: US Census Bureau, 2003

Household income as well as per capita income in the United States rise significantly as the educational attainment increases. In 2005 graduates with a Master's in Business Administration (MBA) who accepted job offers were expected to earn a base salary of $88,626. They were also expected to receive an “average signing bonus of $17,428.” According to the US Census Bureau persons with doctorates in the United States had an average income of roughly $81,400. The average for an advanced degree was $72,824, with men averaging $90,761 and women averaging $50,756 annually. Year-round full-time workers with a professional degree had an average income of $109,600 while those with a master's degree had an average income of $62,300. Overall, "…[a]verage earnings ranged from $18,900 for high school dropouts to $25,900 for high school graduates, $45,400 for college graduates and $99,300 for workers with professional degrees (M.D., D.P.T., D.P.M., D.O., J.D., Pharm.D., D.D.S., or D.V.M.). Individuals with graduate degrees have an average per capita income exceeding the median household income of married couple families among the general population ($63,813 annually). Higher educational attainment did not, however, help close the income gap between the genders as the life-time earnings for a male with a professional degree were roughly forty percent (39.59%) higher than those of a female with a professional degree. The lifetime earnings gap between males and females was the smallest for those individuals holding an associate degrees with male life-time earnings being 27.77% higher than those of females. While educational attainment did not help reduce the income inequality between men and women, it did increase the earnings potential of individuals of both sexes, enabling many households with one or more graduate degree householders to enter the top household income quintile. These data were not adjusted for preferential differences among men and women whom attend college. For example, men often study fields of engineering while women often pursue social sciences. Household income also increased significantly with the educational attainment of the householder. The US Census Bureau publishes educational attainment and income data for all households with a householder who was aged twenty-five or older. The biggest income difference was between those with some college education and those who had a Bachelor's degree, with the latter making $23,874 more annually. Income also increased substantially with increased post-secondary education. While the median annual household income for a household with a householder having an associate degree was $51,970, the median annual household income for householders with a bachelor's degree or higher was $73,446. Those with doctorates had the second highest median household with a median of $96,830; $18,289 more than that for those at the master's degree level, but $3,170 lower than the median for households with a professional degree holding householder. SOURCE: US Census Bureau, 2003

The change in median personal and household since 1991 also varied greatly with educational attainment. The following table shows the median household income according to the educational attainment of the householder. All data is in 2003 dollars and only applies to householders whose householder is aged twenty-five or older. The highest and lowest points of the median household income are presented in bold face. Since 2003, median income has continued to rise for the nation as a whole, with the biggest gains going to those with associate degrees, bachelor's degree or more, and master's degrees. High-school dropouts fared worse with negative growth.

Household Name - References - Netflix