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Similar to how I have, from going up in a poor immigrant family, to starting an online business while living frugally, to now having over $1 million in retirement savings." #25
People living in developing nations, among them women and children, are over represented among the global poor and these effects of severe poverty. [ 112 ] [ 113 ] [ 114 ] Those living in poverty suffer disproportionately from hunger or even starvation and disease, as well as lower life expectancy .
Image credits: Competitive_Bag3933 #2. Being poor is very expensive. For example, if you're unable to afford to pay a speeding ticket, it will accrue late fees, making it even harder to pay off.
Early formations suggest that poor people lack resources and acquire a poverty-perpetuating value system. Critics of the early culture of poverty arguments insist that explanations of poverty must analyze how structural factors interact with and condition individual characteristics (Goode & Eames 1996; Bourgois 2001). [1]
When poverty is prescribed agency, poverty becomes something that happens to people. Poverty absorbs people into itself and the people, in turn, become a part of poverty, devoid of their human characteristics. In the same way, poverty, according to Green, is viewed as an object in which all social relations (and persons involved) are obscured.
The average salary in the U.S. is $63,795, according to the latest data from the Social Security Administration. That's more than four times the federal poverty line for a single person of $15,060.
In other words, poverty is defined as a low quality of life. Using this definition, the World Bank works towards improving quality of life through the stated goal of lowering poverty and helping people afford a better quality of life.
Poor people are also very good at finding bargains and pre-owned treasures in second-hand shops and yard sales. “They understand that high quality doesn’t always mean expensive,” Franklin added.