(2005). New York: McGraw-Hill. Levy, F. A Half Century of Incomes. Great Divides: Readings in Social Inequality in the United States. (2005).
Academic Search Complete. EBSCO. Web. 8 Apr. 2011.
Academic Search Complete. EBSCO. Web. 26 Apr. 2010.
Of course, it is. But is poverty really limited by these factors and thus somehow only found in developing nations and emerging economies. In other words, what about relative definitions and standards of living? What about people in developed countries, such as the US and Europe, who earn more than $2.50 a day and still cannot afford a living, food, and basic necessities? An article from the Economist (2011) notes that despite a general “sense of what it means to be poor, poverty means different things in different countries.” For instance, in much of Europe, public policy considers those with earnings below 60% of the median income to be poor (Staff, 2011).
Ed. X.J. Kennedy and Dana Gioia. 3rd Compact ed. New York: Longman, 2003.
Academic Search Premier. EBSCO. Web. 3 Apr. 2011.