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Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (such as food, medicine, rent or mortgage, utilities, insurance, transportation, property maintenance, child support, etc.) to maintain a certain standard of living. [7]
According to the OECD, 'household disposable income is income available to households such as wages and salaries, income from self-employment and unincorporated enterprises, income from pensions and other social benefits, and income from financial investments (less any payments of tax, social insurance contributions and interest on financial ...
Four Texas counties rank among the top 10 places for families with the most disposable income. Collin County ranked second overall with $20,801 left over for small families and $62,193 for single ...
Real income: Real income considers inflation and represents the amount of money an individual receives with the effects of inflation considered. It is useful for calculating fixed payments over an extended period. [4] Disposable income: Disposable income is the amount of money an individual has available to use after income taxes have been ...
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Ahhh, discretionary income. What most Americans wouldn't do to have more of it. It's the amount of money we have left over after paying for life's necessities -- food, clothing, shelter -- that ...
This is a list of the first-level administrative divisions of the People's Republic of China (PRC), including all provinces, autonomous regions and municipalities, in order of their total disposable income per capita in 2023. The figures are given in Renminbi. Hong Kong SAR, and Macau SAR are excluded.
Discretionary spending is non-essential spending that isn't mandatory for your basic needs like shelter, food, healthcare, work and personal care. Many expenses are essential, but discretionary...