Definition
Discretionary spending is non-essential spending on wants rather than needs.
Why It Matters
It fluctuates with income and economic conditions.
Example
Spending on vacations or dining out.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Discretionary spending is non-essential spending on wants rather than needs.
It fluctuates with income and economic conditions.
Spending on vacations or dining out.