MODEST INCOME Meaning and
Definition
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Modest income refers to a level of earnings that is considered to be moderate or average in comparison to the general standard of living or the prevailing income levels within a particular society or region. It generally implies having a salary or wage that is not excessive or extravagant, but rather sufficient to cover basic expenses and maintain a decent quality of life.
The exact threshold for what qualifies as a modest income can vary depending on factors such as geographic location, cost of living, and prevailing economic conditions. In some countries, it may be defined in relation to the national average income, while in others it could be determined by the poverty line or minimum wage.
Individuals or households with a modest income typically have limited financial resources and may need to be resourceful and budget-conscious. They might be able to meet their basic needs, such as housing, food, clothing, and healthcare, but may have limited discretionary income for luxuries or non-essential expenses.
Government programs, social services, and support systems are often designed to assist those with modest incomes, providing various forms of assistance, benefits, or tax incentives to help individuals and families make ends meet.
Overall, having a modest income implies earning an income that is adequate for sustenance and a reasonable quality of life, but not excessively high or opulent.
Common Misspellings for MODEST INCOME
- nodest income
- kodest income
- jodest income
- midest income
- mkdest income
- mldest income
- mpdest income
- m0dest income
- m9dest income
- mosest income
- moxest income
- mocest income
- mofest income
- morest income
- moeest income
- modwst income
- modsst income
- moddst income
- modrst income
- mod4st income
Etymology of MODEST INCOME
The word "modest" derives from the Latin word "modestus", which means "keeping within measure" or "moderate". It entered the English language in the late 16th century. The term "income", on the other hand, comes from the Latin word "incominus", which means "that which comes in". It has been used in English since the mid-16th century. The phrase "modest income" therefore refers to an income that is moderate, restrained, or within reasonable bounds.
