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A living income or living wageA is an income that is sufficient to live on, given a set of reasonable assumptions and circumstances. The exact income amount which would satisfy these conditions will vary significantly depending on what the conditions are, but it is generally assumed that the income would be at least enough to provide for the following:
- adequate nourishment (food)
- shelter (a home)
Medical care is also often (though not always) included in the set of basic requirements.
Wikipedia: no equivalent article as of 2014-04-05; see:
- living wage, a living income paid as wages
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