Poverty and its outcomes;

Poverty, Absolute & Relative, Features, cycle, level, line, traps; 

What is poverty and how to combat it? 

What are poverty traps?

Poverty is a condition where people’s basic needs for food, clothing, and shelter are not being met and it is opposite to well being. There are generally two types of poverty.

Absolute poverty: 

Is synonymous with destitution and occurs when people can not obtain adequate resources that are measured in terms of calories or nutrition to support a minimum level of physical health. Absolute poverty means about the same everywhere, and can be eradicated as demonstrated by some countries.

Relative poverty: 

Occurs when people do not have a certain minimum level of living standards as determined by a government and gained by the bulk of the populations that vary from country to another, sometimes within the same country and relative poverty occurs everywhere.

Features of poverty: 

Poverty is a great enemy to human happiness; certainly, it destroys liberty, and makes some virtues impracticable, and introduces many others extremely difficulties.

Poverty cycle: 

Seemingly endless continuation of poverty. Once a person or community falls below a certain level of resourcefulness, a chain of events starts to occur that tends to perpetuate the situation; progressively lower levels of education and training leading to lack of employment opportunities, leading to criminal activity, such as sale of illegal drugs for survival, leading to addiction, shattered health, early death, and breakup of family, leading to even bleaker future for the next generation. This cycle continues until someone intervenes by providing worthwhile means for people to climb out of destitution, and by ensuring children’s health and education.

Poverty level: 

Is the measurement of the amount of people that are considered impoverished. Factors such as income level, lack of food, shelter, and other basic necessities assist with determining the poverty level. The undeveloped countries have drastically elevated poverty levels.

Poverty line: 

Standard family income threshold or scale set by each state and revised occasionally, below which the family is officially classified as poor and entitled to welfare assistance.

Poverty traps: 

Situation created by tax laws and income related social security benefits that prevent people from climbing out of welfare dependency. If these people strive and earn more, they move into higher tax brackets and end up having even less disposable income than before. After trying several times, they generally give up and may accept the situation as their fate.

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