Adequate financial resources

The income(money) individuals have comes from a variety of sources:

Wages, savings, social security benefits, free prescriptions, free dinners, pension, mobility allowance, attendance allowance, disability allowance, job seekers allowance, unemployment benefit.

The Joseph Rowntree foundation says that  ‘the Government tax and benefit policy have big

impacts on people’s ability to reach minimum living standards’.   This means that if the government of the day has good policies then those on benefit will be able to keep out of poverty.  If benefits are cut then there will be more people in poverty which will add to the country’s welfare costs through ill health and crime.

The more money individuals have the more choices they have e.g. where they live, private health care.

Quote from Barnardos in relation to education and wealth:  ‘by the age of six, a less able child from a rich family is likely to have overtaken an able child born into a poor family.’

An adequate income benefits individuals in a number of ways:

  • It provide adequate housing
  • There is money available to provide a healthy lifestyle for themselves and their families
  • Self satisfaction in being able to afford luxury goods
  • Can afford holidays
  • Can afford computers, books,  school trips for the family

A good income can provide a good home.  A good home is described as providing the following:  

  • Privacy for individuals to be quiet and on their own, be able to follow own interests, develop good personal relationships, and relax.                      
  • It should provide security, a place free from fear.       
  • It should be dry, clean and free from hazards.         
  • Provides links with the community to develop wider relationships.                
  • There will be services in the local area, including shops and amenities, health services, public transport and places for socialising and recreation.