Poverty

AAA

DEFINITION of 'Poverty'

A state or condition in which a person or community lacks the financial resources and essentials to enjoy a minimum standard of life and well-being that's considered acceptable in society. Poverty status in the United States is assigned to people that do not meet a certain threshold level set by the Department of Health and Human Services.

INVESTOPEDIA EXPLAINS 'Poverty'

Poverty rates in the United Sates, the percentage of U.S. population with poverty status, are calculated by the U.S. Bureau of Census, and precludes institutionalized people, people living in military quarters, those living in college dormitories and individuals under the age of 15. Poverty rates are an important statistic to follow as a global investor, as a high poverty rate is often indicative of larger scale issues within the country in question.

RELATED TERMS
  1. Fourth World

    These are the most underdeveloped regions in the world. The Fourth ...
  2. Ghetto

    A run-down urban area primarily inhabited by a single minority ...
  3. Poverty Gap

    The average shortfall of the total population from the poverty ...
  4. Federal Poverty Level - FPL

    The set minimum amount of gross income that a family needs for ...
  5. Lesser-Developed Country - LDC

    A country that is considered lacking in terms of its economy, ...
  6. Economic Collapse

    A complete breakdown of a national, regional or territorial economy. ...
Related Articles
  1. An Introduction to Microfinance
    Insurance

    An Introduction to Microfinance

  2. Standard Of Living Vs. Quality Of Life
    Fundamental Analysis

    Standard Of Living Vs. Quality Of Life

  3. Are We Losing The Middle Class?
    Personal Finance

    Are We Losing The Middle Class?

  4. The Minimum Wage: Does It Matter?
    Insurance

    The Minimum Wage: Does It Matter?

comments powered by Disqus
Hot Definitions
  1. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  2. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  3. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  4. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  5. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  6. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
Trading Center