What is discretionary income?

Economics Dec 17, 2020

Expert Solution

Discretionary income is the total income you have left after all your necessities and taxes have been paid. Discretionary income can be spent on luxury items and consumed in that month, or it may be set aside into savings for the future. One other use for discretionary income can be investing it in stocks and bonds to try to get it to grow and provide a comfortable future for you and your family.

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