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- Dictionarydisposable income
noun
- 1. income remaining after deduction of taxes and social security charges, available to be spent or saved as one wishes: "the rents of tenants in work reached 21 per cent of disposable income"
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Jun 18, 2024 · Disposable income is the amount of money that a person or family has left after paying their taxes. It is the portion of income that can be spent on necessities,...
- Will Kenton
- 2 min
Aug 14, 2024 · What is the average disposable income in the UK? The average British adult living in a UK city has £939 a month in disposable income in 2024 after paying taxes, bills and essential living costs. This is £34 more a month (or £413 more a year) compared to 2023, when the average was £905.
Disposable income is the portion of income available to an income earner after all income taxes are deducted. It is used by analysts to measure consumer spending, payment ability, probable future savings, and the overall health of a nation’s economy.
Jan 3, 2019 · Disposable income, also known as disposable personal income (DPI) or net pay, is the amount of money you have left over from your total annual income after paying all direct federal, state, and local taxes.
- Robert Longley
disposable income, that portion of an individual’s income over which the recipient has complete discretion. An accurate general definition of income is not easy to provide. Income includes wages and salaries, interest and dividend payments from financial assets, and rents and net profits from businesses. Capital gains on real or financial ...
Dec 28, 2021 · Disposable income is the money you have left from your income after you pay federal, state, and local taxes and any other mandatory payments to a government. Disposable income can be calculated as personal income minus personal current taxes.
Aug 21, 2020 · What Is Disposable Income? Disposable income, also known as net pay, refers to the income that’s left for personal spending after direct taxes, such as federal and state income taxes, have been accounted for. It is a key concept in personal budgeting and economic policy.