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Definitions from WordNet

Definitions from the Web

Term: Disposable Income

Description:

Disposable income refers to the amount of money left over after deducting all taxes and essential expenses from a person's total income. It represents the income available for spending or saving at one's discretion.

Sense 1: Personal Finance

Noun

In the context of personal finance, disposable income is the net income an individual has available for personal use. It is the amount of money that can be used for various purposes such as buying goods and services, paying off debts, or saving for the future.

Sample sentence: John carefully managed his disposable income to ensure he could afford his monthly mortgage payments.

Related Products:

• Personal finance books
• Budgeting tools
• Debt management books

Sense 2: Macroeconomics

Noun

In the field of macroeconomics, disposable income represents the total income available to households or individuals after subtracting taxes. It is a key indicator used to analyze consumer spending patterns and the overall economic health of a country.

Sample sentence: The government implemented tax cuts to stimulate disposable income, hoping to boost consumer spending in the struggling economy.

Related Products:

• Macroeconomics textbooks
• Economic indicators books
• Consumer behavior books