The subsistence level of income is the minimum level of income per person that is generally necessary to ________.

Question

Quizplus · Accepted Answer

The subsistence level of income is defined as the bare minimum required to sustain life and meet basic needs, including obtaining enough calories to survive, having access to shelter, and being able to afford clothing. Saving for retirement or contributing to the advancement of society are not necessarily included in the concept of subsistence income, and obtaining a middle-class lifestyle is beyond the scope of subsistence.

The Subsistence Level of Income Is the Minimum Level of Income