Poverty And Poverty

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Poverty is a communal social issue that has troubled nations for thousands of years. While nations like the United States of America have worked vigorously to eliminate it nationally, it still exists widely worldwide. Poverty has been a constant battle throughout history. No matter what the average income, unemployment or overall prosperity level, there may always be people who are homeless and famished. In spite of being one of the most prosperous countries in the world, the United States is not exempt to it either.
In the global economy, issues of poverty has for some time been at the center of developmental goal of nations. The poor nations are eager to come out of poverty; the rich nations are evolving welfare strategies to improve the …show more content…

“In 1995, a panel established by the National Research Council to evaluate poverty measurement concluded that it might make sense to recognize not only the monetary resources available to families, but also the amount of free time they had” (Mulligan, 2012). In the report, the authors suggest that there is more to being viewed as living in poverty than just being poor.
The factors that should be considered other than monetary value would include time period, unit of analysis, how the information is presented, and how poverty is measured. “The literature often distinguishes between "absolute" and "relative" poverty thresholds. Absolute thresholds are fixed at a point in time and updated solely for price changes; relative thresholds are updated regularly (usually annually) for changes in real consumption. In this sense, the U.S. measure is an absolute one” (Citro & Michael, …show more content…

It should also be addressed that poverty is measured by pre-tax income, and not what remains at the end of the month, or even at the end of the year. Cost of living expenses has no factor in what is considered when considering if someone is impoverished or not, such as healthcare, housing, cost-of-living, and childcare, are not considered when factoring in whether an individual, or family, falls below the poverty

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