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Low Income

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia 0.02 sec.
Low Income
Describing persons who earn less than, or at least not significantly more than, the poverty level. Low income persons have less disposable income than others and may sometimes struggle to pay their bills. Low income persons often have low job security and are strongly correlated with low education levels. Some low income persons may qualify for government assistance programs, though many do not because they earn too much, but not enough to live comfortably.


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Rosenthal called modifying mortgage loans of homeowners at risk of foreclosure the leading priority of both community development credit unions and mainstream credit unions, even as those efforts are usually not aimed solely at extremely low income communities or members.
Not having insurance could leave those consumers on low incomes at greater financial risk, it has been suggested.
 
 
 
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