What is disposable income?

Economics Dec 17, 2020

Expert Solution

Disposable income is the money that remains for an individual or business after bills, taxes, and other obligations have been payed. It is income that can spent on luxury goods and/or services without having to worry about losing revenue required to handle daily/monthly expenses. Having disposable income allows for opportunities, enhancements, or upward mobility in a realistic, and less stressful, way.

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