real income
noun [ C or U ]
ukus(also real wages [ plural ]) FINANCE, ECONOMICS
the money earned by a person, company, government, etc. over a particular period of time that is calculated by taking into account the effect of inflation on what can actually be bought with that money:
On average, an individual worker is increasing his or her real income by less than 1% at the present time.
Lower real incomes combined with tight monetary conditions have stifled growth in the past four years.
a growth/increase in/of real income(s)
rising/falling/declining real incomes