The amount of money available with people after buying necessities such as food, clothing, and housing is referred to as _____. a. personal income b. discretionary income c. basic income d. gross income

Consumer discretionary income is defined as the income that consumers have after paying all their essential needs, e.g. food, rent or mortgage, utilities, etc.

Discretionary income is not equal to disposable income, since disposable income = gross income - taxes

Personal income = gross income, or total income before paying taxes

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PhantomWisdom PhantomWisdom · Answer 2 · 2022-02-14T08:16:33+01:00

b. discretionary income

Income

Income is the spending and saving opportunity acquired by an entity over a specific time period, and it is usually stated in monetary terms.
Discretionary income is the portion of an individual's income that is available for spending, investing, or saving after taxes and personal essentials such as food, shelter, and clothes have been met.
The amount of money available with people after buying necessities such as food, clothing, and housing is referred to as b. discretionary income

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