real income

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Real income

The income of an individual, group, or country adjusted for inflation.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

real income

see REAL WAGE.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
But the FBR has got information of about 50 million bank accounts that it wants to use to assess the real incomes of the people.
Second, tariffs directly and indirectly affect price levels, pushing inflation up while real incomes go down.
This has led to a race to the bottom, with regions trying to compete with each other in lowering wages to attract investors and eroding real incomes for workers.
"Even if higher inflation were to drag on real income growth, households may not cut their spending very much.
Mr Carney said the squeeze on real incomes was pronounced but there were relatively few calls for higher wages to compensate in the UK.
But the issue is the year on year decrease in real income for the majority of working families.
Researchers attributed the change to rising real incomes and declines in the real values of federal and state alcohol taxes.
Real incomes per head also dropped by 0.6% in the first three months of this year compared with the fourth quarter of 2011, to their lowest since the summer of 2005.
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.
Bureau of Economic Analysis revised up real incomes from July through December by about 1%, real income growth dipped to 0.5% in January and has decelerated since peaking at 3.8% in October 2010.
Data was quoted via the GMB union, which showed that real incomes in the Redcar and Cleveland area had fallen by some 3.5% in the year, and this council move appears to be about to make things even worse for the residents.