GITNUX MARKETDATA REPORT 2024

Discretionary Income Statistics: Market Report & Data

With sources from: aihw.gov.au, moneyunder30.com, ifs.org.uk, 50.statcan.gc.ca and many more

Statistic 1

Approximately 10% of gross income is generally considered discretionary.

Statistic 2

33% of discretionary income on average is spent on dining and entertainment.

Statistic 3

People with higher levels of education tend to have a larger amount of discretionary income.

Statistic 4

The average Canadian discretionary income is CAD 27,426 with the highest among age group 55-64 at CAD 31,773.

Statistic 5

In Australia, discretionary items form 20% of the household budget.

Statistic 6

In UK, average discretionary income for each household after housing costs rose by around £90 per week from 1977 to 2016.

Statistic 7

In 2017, households in rural areas in the U.S. had $10,200 less discretionary income than households in non-rural areas.

Statistic 8

45% of millennials say they have enough discretionary income to afford the life they want to live.

Statistic 9

In Latin America, discretionary spending fell by nearly 5% in 2020 due to Covid-19.

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In this post, we will explore a collection of intriguing discretionary income statistics from various countries around the world. From the proportion of income considered discretionary to the diverse spending habits across different demographics, these statistics shed light on how individuals allocate their financial resources in today’s society. Let’s dive into the numbers and uncover interesting trends in discretionary income management.

Statistic 1

"Approximately 10% of gross income is generally considered discretionary."

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Statistic 2

"33% of discretionary income on average is spent on dining and entertainment."

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Statistic 3

"People with higher levels of education tend to have a larger amount of discretionary income."

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Statistic 4

"The average Canadian discretionary income is CAD 27,426 with the highest among age group 55-64 at CAD 31,773."

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Statistic 5

"In Australia, discretionary items form 20% of the household budget."

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Statistic 6

"In UK, average discretionary income for each household after housing costs rose by around £90 per week from 1977 to 2016."

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Statistic 7

"In 2017, households in rural areas in the U.S. had $10,200 less discretionary income than households in non-rural areas."

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Statistic 8

"45% of millennials say they have enough discretionary income to afford the life they want to live."

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Statistic 9

"In Latin America, discretionary spending fell by nearly 5% in 2020 due to Covid-19."

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Interpretation

Based on the analysis of various discretionary income statistics from different countries and demographics, it is evident that discretionary income plays a significant role in shaping consumer spending patterns and overall economic well-being. The data shows variations in discretionary income levels across different regions and age groups, with factors such as education, housing costs, and external shocks like the Covid-19 pandemic influencing the available disposable income. Understanding these trends is crucial for policymakers, businesses, and individuals in making informed decisions regarding financial planning, budgeting, and lifestyle choices.

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