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:
“The economic dependence of woman and her apparently indestructible illusion that marriage will release her from loneliness and work and worry are potent factors in immunizing her from common sense in dealing with men at work.”
—Mary Barnett Gilson (1877–?)
“The reins of government have been so long slackened, that I fear the people will not quietly submit to those restraints which are necessary for the peace and security of the community.”
—Abigail Adams (1744–1818)