Meaning of “discretionary income” in the English Dictionary

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"discretionary income" in Business English

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discretionary incomenoun [ U ]

uk us ECONOMICS, FINANCE

the part of someone's income that is available to spend on things other than necessary things such as food, clothing and fuel:

Job insecurity and high interest rates mean that families have less discretionary income.

(Definition of “discretionary income” from the Cambridge Business English Dictionary © Cambridge University Press)