What is the term for income after taxes that is available for consumers to spend?

Disposable income refers to the amount of money that households have available for spending and saving after income taxes have been deducted. It is a crucial economic indicator because it directly affects consumer spending, which is a significant component of overall economic activity. When consumers have more disposable income, they are more likely to spend on goods and services, thereby stimulating economic growth. This concept contrasts with net income, which reflects earnings after all deductions, including taxes and other withholdings, but might not directly relate to consumer spending capacity. Gross income represents total earnings before any deductions are accounted for, while available income is a less commonly used term but often used interchangeably with disposable income in a broader sense. Hence, the correct term is indeed disposable income, as it encapsulates the definition of money left after taxes, ready for consumer expenditure.