economic vulnerability

Economic vulnerability refers to the susceptibility of individuals, households, or communities to economic shocks, such as job loss, sudden expenses, or changes in market conditions. This vulnerability can stem from factors like low income, lack of savings, unstable employment, or limited access to resources. When faced with unpredictable events, those who are economically vulnerable may struggle to meet basic needs, leading to increased financial stress and hardship. Understanding economic vulnerability helps in creating policies and support systems that can protect and strengthen at-risk populations against economic challenges.