What Is the Difference Between Disposable and Discretionary Income?

What Is the Difference Between Disposable and Discretionary Income?

Disposable & discretionary income are important economic gauges used to assess individuals’ and businesses’ financial stability. Pensions and Social Security are two other sources of income. Individuals generate revenue by selling products or services or spending on assets such as individual retirement accounts. This money could be spent on items that people have rather than…