Personal income (PI) is the income that households are free to spend or save as they please.

Name: Personal income (PI) is the income that households are free to spend or save as they please.
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Personal income (PI) is the total income received by households, but it includes taxes and other mandatory expenses, so it is not entirely free to spend or save. Disposable personal income (DPI) is the income available for spending or saving after taxes.

Personal Income (PI) Is the Income That Households Are Free