Definition, Meaning & Synonyms

inadequate-income

noun

/ɪnˈædɪkwət ˈɪnkʌm/

Definition

A level of income that is insufficient to meet basic needs or maintain a minimum standard of living.

Examples

Many families struggle with inadequate income, making it difficult to cover basic expenses.
The report highlighted the rising number of households living with inadequate income in urban areas.
Inadequate income can lead to increased stress and decreased quality of life.

Meaning

Inadequate income refers to financial earnings that fall short of what is necessary for an individual or family to afford essential expenses such as housing, food, healthcare, and other necessities.