minimum income level
noun phraseUK /ˈmɪnɪməm ˈɪnkʌm ˈlɛvəl/
US /ˈmɪnɪməm ˈɪnkʌm ˈlɛvəl/
The smallest amount of money a person or family needs to live.
The government set a minimum income level to help families buy food and pay rent.
OTHER MEANINGS
2. The lowest earnings a person must have to qualify for a loan or benefit.
Applicants below the minimum income level cannot get the housing loan.
3. A guaranteed base amount of money paid to workers regardless of hours.
The union demanded a minimum income level for all part-time staff.
4. The least amount of income a country uses to measure who is poor.
Statistics show more families fell below the minimum income level last year.