Poverty Vs. The Economy Essay

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Poverty vs. The Economy

Poverty is a lack of goods and services necessary to maintain a
minimal adequate standard of living. The definition of the term adequate varies,
however, with the general standard of living in a society and with public
attitudes toward deprivation. No university accepted definition of basic needs
exists because poverty is a relative concept. In poorer countries it means
living at the brink of subsistence, while in our country few improvised families
confront starvation, although many suffer from undernourishment.

A key issue in the area of poverty is inequality. Inequality has been
a problem in all societies. No society distributes income evenly. Despite all
the conceptual and technical problems of
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If in-kind
programs such as Medicaid, subsidized housing, and food stamps were also
included, then the percentage in poverty might have been further reduced,
(Fitchen, page 97)

Another issue is that some particular groups are more likely to
experience poverty than others. For instance, blacks are three times as likely
to be poor as whites. Families headed by women are nearly five times more
likely to be poor than other families. Families where the head has no more than
eight years of schooling are nearly five times as likely to be poor compared to
families headed by college educated person. Minority and female headed units
are not only more likely to be poor but less likely to escape from poverty. The
poor face multiple impediments to self-sufficiency, including joblessness, less
than a high school education, and dependence on welfare.

Their are four different major groups of poor people. They are the
elderly, children, employed working-age adults, and unemployed working-age
adults. Each of these groups has different problems that are addressed by
different programs.