Requiring financial security

Description

Requiring financial security involves implementing measures to ensure individuals, organizations, or systems possess sufficient and stable financial resources to meet current and future obligations. This strategy addresses vulnerabilities such as poverty, insolvency, and economic instability by establishing safeguards like savings, insurance, diversified income streams, and prudent financial planning. Its practical intent is to reduce risk, enhance resilience, and enable sustainable functioning by proactively remedying exposure to financial shortfalls and unforeseen economic disruptions.