disposable income

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Disposable income

The amount of personal income an individual has after taxes and government fees, which can be spent on necessities, or non-essentials, or be saved.

Disposable Income

A person's income after he/she has paid taxes. Disposable income determines what sort of lodging one can afford, how often one can go out to eat, how much one can save, etc. A negative disposable income indicates that an individual is borrowing in order to cover his/her expenses. A country's average disposable income is an important indicator of economic health.

disposable income

Aftertax income, calculated quarterly, that consumers have available for spending or saving. Economists view changes in disposable income as an important indicator of the present and future health of the economy. See also personal income.

disposable income

the amount of INCOME which a person has available after paying INCOME TAX, NATIONAL INSURANCE CONTRIBUTIONS and PENSION contributions. The amount of a person's disposable income has an important effect on the ability to buy products.

disposable income

the amount of current income available to HOUSEHOLDS after payment of personal INCOME TAXES and NATIONAL INSURANCE CONTRIBUTIONS.

Disposable income may be reduced further where households enter into long-term contractual payments such as PENSION contributions and MORTGAGE payments. Disposable income is an important determinant of the level of CONSUMPTION expenditure and SAVING in the economy. See CONSUMPTION SCHEDULE, SAVINGS SCHEDULE.

References in periodicals archive ?
of our combined disposable income (left in the bank on the day before payday) for those rainy days or major purchases and then have .
The increase in disposable income for Birmingham households is in line with the national average, but bigger than their Midlands rival, Nottingham.
In contrast, residents in both East and North Ayrshire had average salaries of just PS24,242 a year and disposable income of PS14,430 a year.
It's a dramatic change in fortunes for many, because disposable income fell for a period.
The figures show that in percentage terms, the poorest households have seen the biggest 10 per cent of have a disposable just PS26 a day rises in disposable income.
The UK's average household disposable income in 1996/97 and in 2016/17
In fact, Redcar and Cleveland has one of the lowest levels of disposable income out of anywhere in England.
Skates said: "Gross disposable income figures are an important measure of economic well-being as they show the amount of money people have left to spend once they have paid their key bills.
The statistics mean that in 2015 Wales saw the third-highest increase in disposable incomes of all the UK countries and English regions.
This region is expected to generate significant demand for alternative sport equipment, and consequently, is anticipated to remain dominant through 2022 due to increasing population, growing number of young sports enthusiasts, rising disposable income and increasing interest in adventure sports.

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