Definition of discretionary income in English:

discretionary income

Line breaks: dis|cre¦tion|ary in¦come

noun

[mass noun]
  • Income remaining after deduction of taxes, social security charges, and basic living costs. Compare with disposable income.
    More example sentences
    • Fear of unemployment, falling tourism numbers, the impact on disposable, discretionary income of stealth taxes have all taken their toll, as has a squeeze on pay in the private sector.
    • The more the state spends and taxes the less discretionary income citizens have in take-home pay (or what remains after deductions for tax and national insurance).
    • The problem is especially acute at low levels of income, where savings and discretionary income are very limited.

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Pronunciation: grəʊˈtɛskəri
noun
grotesque quality or grotesque things collectively