Types of Poverty

TYPES OF POVERTY

Types of poverty. This is a state of economic hardship in which people lack access to resources such as money and material possessions that are necessary for human survival. Consequently, poverty is a complex idea that encompasses social, economic, and political components.

TYPES OF POVERTY

1.Absolute poverty

The lack of access to basic necessities like food, clean water, housing, healthcare, education, and information is referred to as absolute poverty, extreme poverty, or abject poverty. Absolute poverty is associated with hardship and a high rate of child mortality from avoidable illnesses like cholera, malaria, and illnesses linked to water contamination. Generally speaking, absolute poverty is rare in wealthy nations.

2. Relative Poverty

This term is defined from a social point of view as the living standard in relation to the economic standards of the local populace. As such, it serves as a gauge of income disparity. The fraction of the population that earns less than a predetermined percentage of the median income is typically used to calculate relative poverty.

3. Situational Poverty

This sort of poverty is transient and is caused by unfavorable events such as natural disasters, job loss, and serious health issues. Even with a little aid, people can help themselves because poverty is the result of terrible events.

4. Generational Poverty

It is passed on from generation to generation to families and individuals. Because people are stuck in its cause and unable to get the necessary tools to escape, this is even more difficult because there is no way out.

5. Poor Living Conditions in Rural Areas

It happens in remote locations where fewer than 50,000 people live. It is the region with fewer employment options, fewer service accessibility points, fewer opportunities for high-quality education, and less assistance for people with disabilities. People typically rely on farming and other manual labor that is available in their surroundings to support themselves. e annually.

6. Urban Poverty

This condition affects cities with a population of 50,000 or more. The urban poor encounter the following significant obstacles: • Limited educational and health opportunities. • Insufficient housing and services. • An unpleasant and violent environment due to congestion. • There is little to no social safety net.