Subsistence Income

Definition

Subsistence income refers to the minimum amount of money needed to cover basic necessities such as food, shelter, and clothing.

Imagine subsistence income as the bare minimum allowance you receive from your parents each week to cover essential expenses like lunch at school.

Poverty Line: The threshold below which individuals or families are considered to be living in poverty.

Basic Needs: Fundamental requirements necessary for survival and well-being, such as food, water, and healthcare.

Living Wage: A wage that enables workers to meet their basic needs and maintain a decent standard of living.

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AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.