Because housing is a relatively fixed cost, individuals living on low income would generally first pay for housing and only then invest in other things, such as food, clothing, or education.

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Housing is generally considered a basic necessity and a fixed cost, meaning that individuals prioritize paying for housing before other expenses such as food, clothing, or education. This is especially true for those living on a low income as their budget constraints may leave them with limited options for affordable housing.

Because Housing Is a Relatively Fixed Cost, Individuals Living on Low