real income

Definition

Income of an individual, organization, or country, after taking into consideration the effects of inflation on purchasing power. also called real wages.

Use real income in a sentence

Although you make $100,000 per year, you have to take into account all the taxes to figure out your real income.

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You need to make sure that you have accurately predicted what your real income will be so you can budget properly.

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The real income of the nation was the most useful measure for comparing the quality of living between two different nations.

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