real income

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Real income

The income of an individual, group, or country adjusted for inflation.

Real Income

Personal, corporate, or national income after accounting for inflation. Comparing one's real income from year to year shows how much income has grown or shrunk after adjusting for how much the buying power of the money has been affected. Nominal income compares only raw dollar amounts and does not account for inflation. For example, if one's nominal income has grown 10% and the inflation rate is 3%, the real income growth is 7%. Real income is also known as real wages. See also: Real GDP.

real income

Income, as of a person, group, or country, that has been adjusted for changes in the prices of goods and services. Real income measures purchasing power in the current year after an adjustment for changes in prices since a selected base year. If money income increases more than consumer prices, real income increases. If money income increases less than consumer prices, real income declines. Declines in real income are unfavorable for those suffering the declines and for firms selling goods and services to them.

real income

see REAL WAGE.
References in periodicals archive ?
The highest rates of growth in real incomes of the population recorded in Mangystau region and in the city of Astana.
Employees have seen their real incomes reduced, but more people are in work as a result.
It will still take another four years for real incomes to catch up with the position in 2010.
Minimum wages have not been very successful in raising real incomes, as they end up affecting employment, at least at the margin, negatively.
This has allowed cash-strapped households to keep on top of mortgage repayments, despite a fall in real incomes, with lenders also relaxing debt demands through forbearance.
The problem is that of low wages and falling real incomes for working class families, the Government is silent on this critical point.
Researchers attributed the change to rising real incomes and declines in the real values of federal and state alcohol taxes.
Many observers have noted that an improvement in a country's terms of trade has effects similar to an improvement in a country's productivity growth in boosting real incomes.
However, the figures show that the rate at which real incomes are falling has slowed to a near 30-month low, giving some hope for consumer spending in the months ahead.
Data was quoted via the GMB union, which showed that real incomes in the Redcar and Cleveland area had fallen by some 3.
CML chief economist Bob Pannell said: "There is a glimmer of light ahead for households in that real incomes could stabilise and even start rising by the end of the year as inflation starts falling.
2% YoY in September, which translated into a weak growth in real incomes, which were up only 2.