2. What is meant by Poverty?
poverty, the state of one who lacks a
usual or socially acceptable amount of
money or material possessions. Poverty
is said to exist when people lack the
means to satisfy their basic needs. In
this context, the identification of poor
people first requires a determination of
what constitutes basic needs.
3. Cause of Poverty
LACK OF JOBS OR LIVELIHOODS :
This might seem like a no-brainer: Without a job or a livelihood,
people will face poverty. Dwindling access to productive land (often
due to conflict, overpopulation, or climate change) and
overexploitation of resources like fish or minerals puts increasing
pressure on many traditional livelihoods.
LACK OF EDUCATION :
Not every person without an education is living in extreme poverty.
But most of the extremely poor don’t have an education. There are
many barriers to education around the world, including a lack of
money for uniforms and books, a bias against girls’ education, or many
of the other causes of poverty mentioned here.
4. Effect of Poverty
Increase in Crime :
Global unemployment is at a high point. One
hundred ninety-two million people around the
world are jobless. In some parts of the world,
mainly poor parts, unemployment standings will
drive this number higher. In a study done on
youth in the Caribbean, it was determined that
joblessness fueled criminal activity in those aged
15 through 24.
Because of the struggles in the Caribbean job
market, the murder rates are higher there than in
any other region in the world. The crime rate
affects 6.8 percent of the Caribbean population
against the world average of 4.5 percent,
calculating the global rate per 100,000 people.
5. Facts about Poverty
More than 736 million people worldwide live below the poverty line — measured by the World Bank as
earning less than $1.90 per day.
The poverty threshold for a family of four in the United States is an income of just over $26,000 per year.
Poverty rose globally in 2020 and 2021 by 150 million people — the first increase in the global poverty rate in
20 years
The global COVID-19 pandemic is expected to set back poverty reduction progress in 70 developing
countries* by three to 10 years.
Child poverty accounts for half of the world’s poor with 1 out of 5 children experiencing extreme poverty.
Roughly 84% of people experiencing extreme poverty live in sub-Saharan Africa or South Asia.
Worldwide, the poverty rate is three times higher in rural areas than in urban cities.
One out of every 27 children will die before reaching the age of 5, mostly from malnutrition and other
preventable causes due to extreme poverty.
More than half of all child deaths occur in just five developing nations: Nigeria, India, Pakistan, the
Democratic Republic of the Congo and Ethiopia.