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. Economic Refugee

    A person who leaves their home country for a new country, in ...
  5. Negative Income Tax - NIT

    A guaranteed minimum income plan advocated by economist Milton ...
  6. Federal Poverty Level - FPL

    The set minimum amount of gross income that a family needs for ...
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. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  2. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  3. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  4. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  5. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  6. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
Trading Center