real income


Also found in: Dictionary, Financial, Wikipedia.
Related to real income: Nominal income

real income

or

real wages

the value of the goods and services that can actually be bought with a given money income or given money wages. Thus while money wages may rise, real wages – measured in terms of the RETAIL PRICE INDEX – may fall, or vice versa, unless adjustments are constantly made to keep real incomes in line with inflation. The general tendency in Western economies has been on average for real wages to rise ahead of INFLATION, bringing numerous consequences, variously seen as benign or malign. However, the opposite tendency has also sometimes occurred, at least for some groups, with real wages failing to rise with inflation, leading to a real decline in living standards.
References in periodicals archive ?
The real income in Armenia grew by 2%, in Belarus - by 12%, in Kazakhstan - by 2%, in Kyrgyzstan by - 4%, in Russia - by 7%.Higher incomes may drive growth of demand for both imported goods and goods manufactured within the EAEU.
QNB analysis delves into the three main channels through which tariffs are expected to affect both the US and China, including net exports, real incomes and financial conditions.
But with growing signs that low unemployment is fuelling higher wage growth in advanced economies, real incomes probably wouldn't be squeezed that much," said the report.
"[Henderson] declared income of PS101,592 to obtain this advance at a time when her real income was PS3,000."
The problem is that we do not have credible information about the real income of these groups.
What's gloomier is that the average monthly real income per household fell by 0.2 percent to 4.39 million won ($4,040) in the third quarter from a year before.
"Real Income Builder has delivered strong income and capital performance over the last 12 months," said Lance Phillips, head of active equity at Legal & General Investment Management, who will lead the team managing the fund.
Real income for the period increased by 0.4 percent.
While current-price income data at the state level have been published by the Bureau of Economic Analysis (BEA) for many decades, official (BEA) estimates of real income have not been available.
"A problem in the UK has been a lack of real income growth.
The report argued that, despite often large variations in predicted wage increases, the real income improvements were quite similar across the globe as inflation rates closely tracked pay rises in the major economies.
However, the social welfare gains in this largest free trade zone, with over 800 mln inhabitants, would stand in contrast with real income and employment losses in the rest of the world.