Economic security or financial security is the condition of having stable income or other resources to support a standard of living now and in the foreseeable future. It includes:
- probable continued solvency
- predictability of the future cash flow of a person or other economic entity, such as a country
- employment security or job security
Financial security more often refers to individual and family money management and savings. Economic security tends to include the broader effect of a society's production levels and monetary support for non-working citizens.
Read more about Economic Security: Components of Individual Economic Security, Economic Security of Countries, Other
Famous quotes containing the words economic and/or security:
“A two-parent family based on love and commitment can be a wonderful thing, but historically speaking the “two-parent paradigm” has left an extraordinary amount of room for economic inequality, violence and male dominance.”
—Stephanie Coontz (20th century)
“We now in the United States have more security guards for the rich than we have police services for the poor districts. If you’re looking for personal security, far better to move to the suburbs than to pay taxes in New York.”
—John Kenneth Galbraith (b. 1908)