Discretionary income is calculated by taking your gross income
minus your expenses and what you are left with is discretionary
income. Most Americans do not have a large amount of discretionary
income.
Discretionary income is calculated by taking your gross income
minus your expenses and what you are left with is discretionary
income. Most Americans do not have a large amount of discretionary
income.
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Households spend most of their discretionary income on
consumption.
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Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
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Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.
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Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.