The income of an individual, group, or country adjusted for inflation. Bloomberg Financial Dictionary
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real income UK US noun [C or U] (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
Financial and business terms. 2012.