Real Income

+**Real Income**

+Real income represents an individual's or nation's actual [Purchasing Power](/wiki/purchasing_power) after accounting for [Inflation](/wiki/inflation). Unlike [Nominal Income](/wiki/nominal_income), it reflects the true quantity of goods and services one can acquire, offering a clearer picture of economic well-being.

+## See also

+- [Nominal Income](/wiki/nominal_income)

+- [Inflation](/wiki/inflation)