disposable income The current income available to people for spending and saving; personal income minus personal tax and non-tax payments. Related Related Articles: How Covid Changed The Cost of LivingGlossary: consumption scheduleGlossary: marginal propensity to consumeGlossary: marginal propensity to saveGlossary: saving Ann Mills Share This Previous Articlecountry of origin Next Articleeconomic scarcity December 17, 2020