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 ?
The Office for National Statistics defines disposable income as the money households have to spend or save after taxes have been paid.
The study found the UK average disposable income stood at PS17,600, but this fell to PS15,300 when you looked at the North in isolation.
Robert Price THIS disposable income is just the income you are left with after tax and NI.
Commenting on the increase in disposable income, Welsh Secretary and Conservative Clwyd West MP David Jones said: "I think it's fairly clear that the Government policy of increasing the tax threshold is very manifestly putting more money in people's pockets and, therefore, that's probably a strong reason as to why GDHI in Wales and the north east for that matter, has increased at a faster rate than in other parts of the country.
The poll found the average salary in Solihull was PS27,435 while the average level of disposable income was PS17,359-a-year.
DISPOSABLE incomes of middle earners has fallen by about PS1,200 over the past few years, according to new research.
The first is the household debt to disposable income ratio; and the second is the debt servicing ratio which measures the percentage of an individual's disposable income that he or she uses to debt consisting of interest and principal.
The figures, which have been compiled by an accountancy group, show that Aberdeen has enjoyed the fastest disposable income rise in the UK in recent years, boosted by the strength of its oil industry.
The UAE holds the second position in the 2011 Apparel Index, driven by a population with a high disposable income and immense fashion consciousness.
On the impact of the 1 July 2011 price change on customers, IPART said a good measure of electricity affordability is the proportion of household disposable income spent on electricity.
Summary: Families' disposable income dived by a record Au9 a week during January as inflation continued to outstrip wage growth.
The Gulf Co-operation Council (GCC) countries of Saudi Arabia, the UAE, Bahrain, Kuwait, Qatar and Oman have a substantial proportion of households with a high level of disposable income.

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