Question

Is discretionary income the same as disposable income?

Answer 1

On the other hand, discretionary income is the amount of income that a household or individual has to invest, save or spend after taxes and necessities are paid. Discretionary income is similar to disposable income because it's derived from it; however, there is one key difference.

Answer 2

Discretionary income is that amount of income that a household or individual need to invest, save in Bank or spend after paying taxes and paying the necessities completely.

Discretionary income is similar to the type disposable income because. It is originated from it; however, there is a marginal difference.