real income
noun[CorU]
ukus(alsoreal wages[plural])FINANCE,ECONOMICS
themoneyearnedby aperson,company,government, etc. over aparticularperiodoftimethat iscalculatedby taking intoaccounttheeffectofinflationon what canactuallybeboughtwith thatmoney:
Onaverage, anindividualworkerisincreasinghis or herrealincomeby less than 1% at thepresenttime.
Lowerrealincomescombinedwithtightmonetaryconditionshavestifledgrowthin the past fouryears.
agrowth/increasein/ofrealincome(s)
rising/falling/decliningrealincomes