Income Security

Income security refers to the assurance of having a steady and reliable source of income, especially during times of need such as illness, unemployment, or old age. It is designed to provide financial support and stability, helping individuals cover essential expenses like housing, food, and healthcare. Programs like social safety nets, unemployment insurance, or pensions aim to reduce financial vulnerability and promote overall well-being. Essentially, income security ensures that people can maintain a basic standard of living even when unexpected circumstances affect their earning ability.