Cycle of poverty

Examples of Cycle of poverty in the following topics:

• The Dynamics of Poverty

  • Poverty operates in a dynamic cycle, with the effects of poverty increasing the likelihood that it will be transferred between generations.
  • This perpetuation of deprivation is the cycle of poverty.
  • The basic premise of the poverty cycle the idea that poverty is a dynamic process—its effects may also be its causes.
  • In economics, the cycle of poverty has been defined as a phenomenon where poor families become trapped in poverty for at least three generations.
  • There are many disadvantages that collectively work in a circular process to make it virtually impossible for individuals to break the cycle of poverty.

• The Feminization of Poverty

  • The feminization of poverty refers to the fact that women represent a disproportionate share of the world's poor.
  • Recent attempts to reduce global poverty have utilized systems of microcredit, which give small loans to poor households in an attempt to break the cycle of poverty.
  • Women's increasing share of poverty is related to the rising incidence of lone mother households.
  • Though low income is the primary cause of female poverty, there are many interrelated sources of this problem.
  • Microcredit, a system of providing small loans to individuals and families in impoverished areas in an attempt to reverse the cycle of poverty, is almost always distributed to women.

• Poverty

  • Poverty is the condition of not having access to material resources, income, or wealth.
  • Near poverty is when one earns up to 25% above the poverty line; put otherwise, a person near poverty has an income below 125% of the current poverty line.
  • Absolute poverty is the level of poverty where individuals and families cannot meet food, shelter, warmth, and safety needs, while relative poverty refers to economic disadvantage compared to wealthier members of society.
  • Poverty may correspond not only to lack of resources, but to lack of opportunity to improve one's standard of living and acquire resources.
  • Countries with low HDI tend to be caught in a national cycle of poverty -- they have little wealth to invest, but the lack of investment perpetuates their poverty.

• Measuring Poverty

  • Economic measures of poverty focus on material needs, typically including the necessities of daily living such as food, clothing, shelter, or safe drinking water.
  • Poverty in this sense may be understood as a condition in which a person or community is lacking in the basic needs for a minimum standard of well-being, particularly as a result of a persistent lack of income.
  • Social measures of poverty may include lack of access to information, education, health care, or political power.
  • The World Bank uses this definition of poverty to label extreme poverty as living on less than US $1.25 per day, and moderate poverty as less than $2 or $5 a day.
  • Usually, relative poverty is measured as the percentage of the population with income less than some fixed proportion of median income.

• Poverty

  • Poverty is the condition of not having access to material resources, income, or wealth.
  • Poverty describes the state of not having access to material resources, wealth, or income.
  • Poverty may correspond not only to lack of resources, but to the lack of opportunity to improve one's standard of living and acquire resources.
  • If there is a high level of social mobility, it is relatively easy for people to leave poverty.
  • While some factors that contribute to poverty are the result of individual choices, such as dropping out of school or committing a crime, other factors affect poverty that are beyond individual control.

• Assessing the Great Society

  • For exmaple, the 2011 poverty line was a yearly income of $22,350 for a family of four.
  • The poverty rate declined further after the implementation of the War on Poverty, hitting a low point of 11.1% in 1973.
  • Number of People in Poverty and Poverty Rate in the United States, 1959-2009
  • Observers debate the impact of the Great Society and War on Poverty on poverty rates and the economy.
  • Assess the impact of the Great Society and the War on Poverty

• Defining and Measuring Poverty

  • Absolute poverty is poverty to the extent of which an individual is deprived of the ability to fulfill basic human needs (i.e. water, shelter, food, education, etc.).
  • The existence of poverty is one of the greatest challenges faced by the modern world, both in developing and developed nations (see ).
  • When conceptually approaching the idea of a poverty line, it is useful to frame it within the context of generating an amount of income that is appropriate to ensure a reasonable standard of living for an individual.
  • An example of absolute poverty is the number of people without access to clean drinking water, or the number of people eating less food than the body requires for survival.
  • The important takeaway is the wide range of countries suffering from varying levels of poverty.

• Poverty and Inequality

  • Their faith is clouded, however, by the fact that poverty persists in many parts of the country.
  • In 1998, a family of four with an annual income below $16,530 was classified as living in poverty.
  • The percentage of people living below the poverty level dropped from 22.4 percent in 1959 to 11.4 percent in 1978.
  • What is more, the overall figures mask much more severe pockets of poverty.
  • In 1998, more than one-quarter of all African-Americans (26.1 percent) lived in poverty; though distressingly high, that figure did represent an improvement from 1979, when 31 percent of blacks were officially classified as poor, and it was the lowest poverty rate for this group since 1959.

• "The War on Poverty"

  • The War on Poverty continued the plan of the Kennedy administration, with the goal of eliminating hunger and deprivation from American life.
  • The most ambitious and controversial part of the Great Society was its initiative to end poverty.
  • The centerpiece of the War on Poverty was the Economic Opportunity Act of 1964, which created an Office of Economic Opportunity (OEO) to oversee a variety of community-based anti-poverty programs.
  • The impact of the War on Poverty is debated.
  • The popularity of the War on Poverty waned after the 1960s.

• Measurement Problems

  • Due to the high complexity of measuring equality, the accuracy of many poverty and inequality measurements can be less than ideal.
  • Inequality, poverty and economic mobility in particular have a number of measurement challenges.
  • A poverty line is the determination of a specific income level in which it is considered the absolute minimum amount of capital required for an individual or family to live (and have all necessities) over the course of one year.
  • One interesting risk in measuring poverty is the concept of voluntary poverty, or the active pursuit of living at the absolute bare minimum.
  • This graph illustrates the different percentiles of individuals under the poverty line across the world.