Which of the following is a necessary component of an adequate standard of living in adulthood?

Prepare for the CAFS Core 3 Preliminary Test with comprehensive materials, detailed explanations, and a variety of practice questions. Ideal for mastering content and boosting your exam performance.

Financial resources are a necessary component of an adequate standard of living in adulthood because they directly enable individuals to meet their basic needs and enhance their quality of life. Having sufficient financial resources allows for the purchase of essential items such as housing, food, clothing, and healthcare. It also facilitates access to various services and opportunities that can improve overall well-being, including leisure activities and personal development.

While access to education, healthy lifestyle choices, and safe neighborhoods all contribute significantly to one's quality of life and overall well-being, they ultimately rely on financial resources to be fully realized. For instance, education can be more easily accessed with financial stability, a healthy lifestyle often requires resources for nutritious food and healthcare, and safe neighborhoods are often linked to economic factors. Therefore, without adequate financial resources, it becomes challenging to maintain an appropriate standard of living and take advantage of other beneficial aspects of adult life.

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