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Subjects>Business>Economics

What is the difference between a consumer's disposable and discretionary income?

Anonymous

∙ 11y ago

Updated: 9/28/2023

Disposable income is the money a consumer has left after paying taxes to use for necesities such as food housing, clothing, and transportation. Discretionary income is the money that remains after paying for taxes and necessities and is used for luxury items.

Wiki User

∙ 11y ago

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What is the difference between disposable income and discretionary income?

Formulas are: Disposable income = consumption expenditure + savings - support of others; Discretionary income = Gross income - taxes - necessities. Although denotatively wrong, disposable income is commonly used to denote discretionary income.

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