Economic Security
Economic security refers to the stability and predictability of an individual's or a community's financial situation. It encompasses access to essential resources such as employment, income, and savings, which help people meet their basic needs. When individuals feel economically secure, they are better able to plan for the future and invest in opportunities like education and home ownership.
Governments and organizations often implement policies and programs to enhance economic security for their citizens. These may include social safety nets, such as unemployment benefits and food assistance, which provide support during difficult times. By promoting economic security, societies aim to reduce poverty and improve overall well-being.