Definition
Low-income individuals refer to people who earn an income below a certain threshold set by the government. This threshold varies depending on family size, location, and other factors. These individuals typically have limited financial resources and may struggle to meet basic needs such as housing, food, and healthcare.
"Low Income Individuals" appears in:
Related terms
Poverty Line: Poverty line refers to the minimum level of income deemed necessary by the government for an individual or family to meet their basic needs. It is used as a benchmark in determining eligibility for various social welfare programs.
Safety Net Programs: Safety net programs are government initiatives designed to provide assistance and support to those experiencing financial hardship or poverty. They help bridge the gap between what people can afford on their own versus what they need for essential living expenses.
Income Inequality: Income inequality refers to the unequal distribution of income among different groups within society. It highlights disparities in wealth accumulation and economic opportunities among high-income earners compared with low-income earners.
