（把物价上涨因素考虑在内的）实际收入
the value of earnings, etc. after the effect of rising prices is considered
Wages rose by 2.9 percent last year, but real earnings still fell by 1.3 percent. 去年工资增长了2.9%，但实际收入却仍然下降了1.3%。
The figures show a modest decline in real earnings over the last twelve months.
The decrease in real earnings growth is not as extreme as it was during the last recession.
Real incomes fell by three percent in January.
Meanwhile, real incomes grew at their slowest rate for twenty years.
It's certainly true that consumers have had their real incomes squeezed by higher fuel and food prices.
See also: real adjective (NOT IMAGINARY)