Definition of discretionary income in English:

discretionary income

Line breaks: dis|cre¦tion|ary in¦come


[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.

Definition of discretionary income in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day retroflex
Pronunciation: ˈrɛtrə(ʊ)flɛks
turned backwards