An example of current spending is a household's monthly expenses on groceries, utilities, and rent. These expenditures are necessary for day-to-day living and are typically recurring in nature. Current spending also includes costs related to transportation, healthcare, and entertainment. Unlike capital spending, which involves long-term investments, current spending focuses on immediate consumption needs.
Mandatory spending example would be buying groceries. Anything that is a NEED and not a WANT is considered mandatory spending
There are a great many examples in the world of discretionary spending. Discretionary spending can be as simple as choosing whether you want to spend your money on ice cream.
Hospitals, Intergovermental revenue, welfare.
Deficit spending is technically spending money that you don't currently possess or spending more money than you earn. For example, the United States spends more money than they earn in GDP a year.
A country where income is greater than spending, has saving greater than investment, and a current account surplus. The excess of income over spending must be balanced by foreign investment, so there will be a financial account deficit to match the current account surplus.
Mandatory spending example would be buying groceries. Anything that is a NEED and not a WANT is considered mandatory spending
Travel
The cycle of earning and spending is an example of a cash flow cycle. This mainly focuses on the income and expenditure.
Social Security
deficit spending.
The Alaskan current is an example of a deep current.
when economy is stable
when the economy is stable
There are a great many examples in the world of discretionary spending. Discretionary spending can be as simple as choosing whether you want to spend your money on ice cream.
The answer to this question depends on your personal situation. One way to determine this is to look at your personal spending budget and then remove any items that do not occur during retirement. For example, most people want to pay off the mortgage before they retire. In that situation they can subtract their mortgage payment from the current spending to determine their retirement spending. Also you need to add back anything that you would spend in retirement but not before. For example, long-term care insurance might be an item you pay for only during your retirement years. Another way to calculate this is to use the rule of thumb that most people spend 75% of their pre-retirement expenditures during retirement. Once you have the retirement spending amount you can calculate the amount of retirement income you need by dividing your retirement spending by (1 + your average tax rate). You can then compare this number to your current income to get the percentage of your current income you need during retire. One last thing, you need to be aware that your retirement income needs to go up each year by inflation to cover the increases in your retirement spending.
Deficit Spending
Hospitals, Intergovermental revenue, welfare.