Affordable Living refers to a lifestyle or housing situation where individuals or families can secure shelter and basic necessities without compromising their financial stability. It typically means that the cost of housing, utilities, and other basic living expenses are within a reasonable proportion of a person’s income, allowing them to maintain a standard of living that covers essential needs such as food, healthcare, and education. This concept often encompasses affordable housing initiatives, economic policies aimed at reducing living costs, and community planning efforts to create accessible living environments for people across various income levels. The goal of affordable living is to ensure that individuals and families do not face economic hardship due to high living costs, promoting overall well-being and quality of life.
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