The amount of money available with people after buying necessities such as food, clothing, and housing is referred to as _____.

Question

Quizplus · Accepted Answer

Discretionary income is the amount of an individual's income that is left for spending, investing, or saving after taxes and personal necessities (like food, clothing, and housing) have been paid. It is the money that can be used at one's discretion.

The Amount of Money Available with People After Buying Necessities