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Poverty Is Scarcity

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"In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of. "An imbalance between rich and poor is the oldest and most fatal ailment of all republics.” All over the world, disparities between the rich and poor are rising every day; even the wealthiest nations are facing the same issues on daily bases. Poverty is one of the greatest issue going on around the world for several hundred years or being specifically; Poverty is the scarcity or the lack of a certain amount of material possessions or money. Poverty is a multifaceted concept, which may include social, economic, and political elements. One is considered poor if he/she is below the poverty line and it’s different in every country depending on countries population and GDP. Even the superpower of the world; United States got trapped in this cycle of poverty. Current estimates on poverty in the U.S. The official poverty rate is 13.5 percent, based on the U.S. Census Bureau's 2015 estimates. A person earning less $15,060 a year is considered poor according to the federal poverty level, an estimated 43.1 million Americans lived in poverty according to the official measure. According to supplemental poverty measure, the poverty rate was 14.3 percent. In the sea of poverty, half of the world population is drowning, and There is only handful number of people who are actually becoming “successful” and wealthy while a majority of the population is

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