Question

Describe the difference between Relative Poverty, Absolute Poverty, and Subjective Poverty. After defining these terms and understanding poverty in our country, list and describe at least five consequences for individuals living in poverty. What effect does this have on their lives and longevity?

Answer 1

Relative poverty refers to the financial status/condition of individual where reaching bare minimum living standard is not achieved. It exists in developed countries.

Vs.

Absolute poverty is the state of individual where level of earning is that low to manage basic needs of life. With basics are not available, living life is difficult.

Vs.

Subjective poverty refers to the perception belief of a person who believe it to scarcity of basic needs and financial resources. A person is not poor if he can achieve basic needs and gain status in life.

Below are five consequences for individuals living in poverty:

• A person or family living in poverty will not have right nutrition which will diminish his health.
• They will never meet the education needs and stay in deficit of the world developments and progressive culture.
• They may suffer from violence and this makes them vulnerable to bad/worst experiences of life.
• Lack of money/basic needs may bring illness and diseases can harm them in mental and physical ways
• With lack of education and illness, no white-collar or labor jobs are in scope hinting at unemployment.

Life in poverty is not easy and with each passing day, things sometimes go worst. The threat of no money no food sometimes leaves the person with crime options and earn by theft or snatching from others. Life is short with individual suffering from mental and physical stress and there are many battles in life they are fighting.