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    Poverty

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    Andrea Capulong
    Poverty refers to a lack of financial resources and essentials for a minimum standard of living. Over 40% of the world lives in poverty, with 719 million people in extreme poverty surviving on less than $2.15 per day. Causes of poverty include limited job growth, poor infrastructure, conflict, high costs of living, social barriers, and lack of government support. Poverty is commonly measured using income thresholds that are updated annually based on inflation data collected by centralized bodies like the Census Bureau. The World Bank aims to reduce poverty to less than 3% by 2030 through initiatives like providing access to clean water, educating farmers, building shelters and schools, and enhancing healthcare access.

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    Poverty

    Uploaded by

    Andrea Capulong
    9 views1 page
    Poverty refers to a lack of financial resources and essentials for a minimum standard of living. Over 40% of the world lives in poverty, with 719 million people in extreme poverty surviving on less than $2.15 per day. Causes of poverty include limited job growth, poor infrastructure, conflict, high costs of living, social barriers, and lack of government support. Poverty is commonly measured using income thresholds that are updated annually based on inflation data collected by centralized bodies like the Census Bureau. The World Bank aims to reduce poverty to less than 3% by 2030 through initiatives like providing access to clean water, educating farmers, building shelters and schools, and enhancing healthcare access.

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    Poverty refers to a lack of financial resources and essentials for a minimum standard of living. Over 40% of the world lives in poverty, with 719 million people in extreme poverty surviving on less than $2.15 per day. Causes of poverty include limited job growth, poor infrastructure, conflict, high costs of living, social barriers, and lack of government support. Poverty is commonly measured using income thresholds that are updated annually based on inflation data collected by centralized bodies like the Census Bureau. The World Bank aims to reduce poverty to less than 3% by 2030 through initiatives like providing access to clean water, educating farmers, building shelters and schools, and enhancing healthcare access.

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    9 views1 page

    Poverty

    Uploaded by

    Andrea Capulong
    Poverty refers to a lack of financial resources and essentials for a minimum standard of living. Over 40% of the world lives in poverty, with 719 million people in extreme poverty surviving on less than $2.15 per day. Causes of poverty include limited job growth, poor infrastructure, conflict, high costs of living, social barriers, and lack of government support. Poverty is commonly measured using income thresholds that are updated annually based on inflation data collected by centralized bodies like the Census Bureau. The World Bank aims to reduce poverty to less than 3% by 2030 through initiatives like providing access to clean water, educating farmers, building shelters and schools, and enhancing healthcare access.

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    Poverty

    ➔ Refers to the state or condition in which people or communities lack the financial resources and
    essentials for a minimum standard of living.
    ➔ Basic human needs cannot be met.
    ➔ the result of multiple factors, not simply income.

    Global Poverty

    ➔ It's estimated that more than 40% of the world's population lives in poverty, with the United
    States scoring the highest among developed nations.
    ➔ According to the World Bank, an estimated 719 million people lived in extreme poverty—defined
    as surviving on less than the $2.15 per day line—by the end of 2020.

    Causes of Poverty

    ➔ Limited to no job growth


    ➔ Poor infrastructure
    ➔ Conflict and war
    ➔ High cost of living
    ➔ Social barriers
    ➔ Lack of government support

    How to Measure Poverty

    ➔ Poverty is commonly measured using income thresholds in many countries, including the United
    States.
    ➔ Centralized bodies like the Census Bureau collect data and update the information on an annual
    basis based on inflation.
    ➔ Each family member in a household that falls under the threshold is considered to be in poverty,
    according to the Census Bureau.

    How to Reduce Poverty

    The World Bank aims to reduce poverty to less than 3% by 2030 through actionable plans.

    ➔ Installing wells that provide access to clean drinking water


    ➔ Educating farmers on how to produce more food
    ➔ Constructing shelter for those in need
    ➔ Building schools to educate disadvantaged communities
    ➔ Providing enhanced access to better healthcare services by building medical clinics and hospitals

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