Why Do The Majority Of Poor People Remain Poor?
Poverty is a complicated issue. There are numerous aspects to it, as well as numerous causes. The most commonly used definition of poverty focuses on economic deprivation. This definition of poverty measures poverty based on how much money a person earns and establishes poverty rates for communities and countries based on income inequality and financially drawn poverty lines.
Many families in the world’s poorest countries struggle to meet their basic needs at less than $1.90 per day. This type of extreme poverty affects nearly 10% of the world’s population.
However, through dint of hard work, a poor person can change his or her story. A typical example is the football legend – Ronaldo, who from a poor background, now become a multi-millionaire.
Understanding poverty strictly as economic inequality and measuring it with relative poverty thresholds makes it difficult to see poverty as anything other than unemployment, poor living standards, and a low income. Poverty, however, encompasses more than this.
If a young Ronaldo from a low-income family can succeed in life, why do other people from low-income families continue to struggle? Let’s talk about it.
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