New Study Reveals Impact of Disposable Income on Global Economy
Disposable income is a type of income that is closer to what we typically think of as income in economics. It includes additional items like remittances and reflects how income is distributed across different sectors like households, corporations, and government. For some countries, focusing on disposable income when making policies is important because it shows how much a unit can spend on goods and services without reducing assets or increasing debts. In OECD countries, the differences between national income and disposable income are usually small, but the reallocation of income between sectors can have significant impacts.