Definition of discretionary income in English:

discretionary income

noun

  • [mass noun] Income remaining after deduction of taxes, social security charges, and basic living costs.

    Compare with disposable income
    • ‘The problem is especially acute at low levels of income, where savings and discretionary income are very limited.’
    • ‘The more the state spends and taxes the less discretionary income citizens have in take-home pay (or what remains after deductions for tax and national insurance).’
    • ‘Alternatively, individuals at greater risk might select a more comprehensive plan and supplement the voucher's value with other discretionary income.’
    • ‘Fear of unemployment, falling tourism numbers, the impact on disposable, discretionary income of stealth taxes have all taken their toll, as has a squeeze on pay in the private sector.’
    • ‘As they enter their retirement years healthier and wealthier than previous generations, Boomers will have more discretionary income for travel and entertainment.’