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Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living. [7]
Disposable income: Disposable income is the amount of money an individual has available to use after income taxes have been deducted. It reflects the actual funds at the individual's disposal for spending, saving, or investing. [5] Personal income can also be categorized based on its source:
Your disposable income will be different from everyone else’s, and will likely change throughout the course of your life as your financial circumstances change.
According to the OECD, 'household disposable income is income available to households such as wages and salaries, income from self-employment and unincorporated enterprises, income from pensions and other social benefits, and income from financial investments (less any payments of tax, social insurance contributions and interest on financial ...
Disposable income is an often-misunderstood term. This is why it's always a good idea to understand what disposable income is. Understanding how much disposable income you have can help you ...
After you retire and lose your primary source of income, you'll need something else to replace your wages and salary. Unfortunately, conjuring up additional money once you've stepped away from the...
Personal income and disposable personal income are provided both as aggregate and as per capita statistics. BEA produces monthly estimates of personal income for the nation, quarterly estimates of state personal income, and annual estimates of local-area personal income. More information is found on BEA's website. [7
Disposable personal income hit $21.8 trillion in the third quarter, bringing the total debt balance to income ratio to 82%. That ratio was 86% in 2019 (and hit a monstrous high of 120% during the ...