disposable income

American  

noun

1. the part of a person's income remaining after deducting personal income taxes.

2. (in national income accounting) the total disposable income of all consumers.

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disposable income British  

noun

1. the money a person has available to spend after paying taxes, pension contributions, etc

2. the total amount of money that the individuals in a community, country, etc, have available to buy consumer goods

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Etymology

Origin of disposable income

First recorded in 1945–50

Example Sentences

After his essential bills, he says he has £200-£250 of disposable income and has noticed food prices continuing to rise.

From BBC

That tipping point is different for each person, and depends on the amount of stress you’re willing to endure as a guest, in addition to your own disposable income.

From MarketWatch

These accounts stand to primarily benefit wealthy families, who have more disposable income to contribute to such plans, as well as other methods of leveraging them for maximum gain.

From Salon

He says it has left him with "next to no disposable income".

From BBC

“Reducing regular contributions to retirement accounts is another way that non-retirees can increase their disposable income when facing economic challenges,” the Fed said.

From MarketWatch