discretionary income
noun
: income that is left after paying for things that are essential, such as food and housing
She has enough discretionary income to pay for a nice vacation each year.
Examples of discretionary income in a Sentence
Recent Examples on the Web
The plan has a 25-year repayment term and caps payments at 20% of discretionary income, rather than 5% to 15% with other plans.
—
Nerdwallet, The Mercury News, 21 June 2024
Monthly payments are currently calculated to be 10% of your discretionary income (above 225% of the poverty line), but in July that number will drop to 5%.
—Sequoia Carrillo, NPR, 20 June 2024
There’s just less discretionary income for these improvements.
—Brent Lang, Variety, 14 June 2024
Beginning in July, SAVE will cap undergraduate student loan payments at 5% of discretionary income.
—Nerdwallet, The Mercury News, 22 May 2024
Payments on undergraduate loans will be capped at 5% of discretionary income, down from 10% now.
—Adriana Morga and Collin Binkley, Quartz, 18 Mar. 2024
Borrowers with undergraduate student debt pay 5% of their discretionary income, down from 10% or 15% in other plans.
—Journal Sentinel, 8 Apr. 2024
Right now, monthly payments are designed to be 10% of an undergraduate borrower’s discretionary income: The Education Department will cut that to 5% in July.
—Andrew Sheeler, Sacramento Bee, 26 Feb. 2024
Monthly loan payments are currently 10% of the borrower's discretionary income, but that will decrease to 5% this summer.
—Haley Bemiller, The Enquirer, 23 Feb. 2024
Nerdwallet, The Mercury News, 21 June 2024
Monthly payments are currently calculated to be 10% of your discretionary income (above 225% of the poverty line), but in July that number will drop to 5%.
—Sequoia Carrillo, NPR, 20 June 2024
There’s just less discretionary income for these improvements.
—Brent Lang, Variety, 14 June 2024
Beginning in July, SAVE will cap undergraduate student loan payments at 5% of discretionary income.
—Nerdwallet, The Mercury News, 22 May 2024
Payments on undergraduate loans will be capped at 5% of discretionary income, down from 10% now.
—Adriana Morga and Collin Binkley, Quartz, 18 Mar. 2024
Borrowers with undergraduate student debt pay 5% of their discretionary income, down from 10% or 15% in other plans.
—Journal Sentinel, 8 Apr. 2024
Right now, monthly payments are designed to be 10% of an undergraduate borrower’s discretionary income: The Education Department will cut that to 5% in July.
—Andrew Sheeler, Sacramento Bee, 26 Feb. 2024
Monthly loan payments are currently 10% of the borrower's discretionary income, but that will decrease to 5% this summer.
—Haley Bemiller, The Enquirer, 23 Feb. 2024
These examples are programmatically compiled from various online sources to illustrate current usage of the word 'discretionary income.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.
Dictionary Entries Near discretionary income
discretionary income
Cite this Entry
“Discretionary income.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/discretionary%20income. Accessed 4 Jul. 2024.
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