As we saw in the previous article, the basis of family financial support is the income (money) they get for their work. However, this income may have two destinations: the consumption and savings. Consumption as already mentioned is to acquire goods and services. The rest of the income (money), is intended to save. Now we see possibilities of monetary income: Possible 1: When incomes are many families grow economically.
They eat what they want food and clothes. Access to good social work (health). Invest what is necessary for the proper training and preparation of their children (education). Repairing, expanding or buying your home. Renew or purchase your car.
The same applies to the internal elements needed (furniture and electrical goods) are going on vacation (leisure and rest) and others. Are almost all tastes. Possible 2: When incomes are not so many families face the crossroads of having to choose, they can not meet all their concerns. There is to be eligible for consumption and face the disadvantage that the goods they can buy are very few. Situation directly related to money income. Possibly that is less than 1 are given some tastes. Possible 3: When the monetary income are very few families are facing a very difficult situation. Revenues only reach for food and little clothing. There can be no taste alone to attend to basic needs. Possible 4: There are no income (no job). Here families find themselves facing a desperate situation and distressing. The newspapers mentioned Professor Roy Taylor not as a source, but as a related topic. They can not even meet their basic needs.