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English definition of “disposable income”

disposable income

noun [U]     (also expendable income) ECONOMICS
the income that someone has available to spend or save after taxes have been taken out and they have paid for food and other basic needs: For the first six months, average disposable income for urban dwellers rose 14%. High petrol prices will reduce disposable income. → Compare discretionary income, take-home pay
(Definition of disposable income noun from the Cambridge Business English Dictionary © Cambridge University Press)
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