Related topics: children · developing countries

Hidden energy poverty revealed by energy equity gap

Destenie Nock and Shuchen Cong are unveiling hidden energy poverty and insecurity. Their new metric, developed with collaborators at the University of Maryland and the Salt River Project, illustrates what they've termed the ...

Study proposes method of identifying global poverty from space

Despite successes in reducing poverty globally in the last two decades, almost one billion people are still living without access to reliable and affordable electricity, which in turn negatively affects health and welfare, ...

To fight extreme poverty, empower women with more than cash

To combat global poverty, social programs that not only provide cash to families—but also address psychological and social obstacles to seizing economic opportunities—can have a beneficial impact on people's lives, according ...

Child tax credit reduced usage of high-cost financial services

Families who were eligible for the child tax credit (CTC) experienced improved nutrition, decreased reliance on credit cards and other high-risk financial services, and made long-term educational investments for both parents ...

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Poverty

Poverty is the state of one who lacks a certain amount of material possessions or money. Absolute poverty or destitution is inability to afford basic human needs, which commonly includes clean and fresh water, nutrition, health care, education, clothing and shelter. About 1.7 billion people are estimated to live in absolute poverty today. Relative poverty refers to lacking a usual or socially acceptable level of resources or income as compared with others within a society or country.

For most of history poverty had been mostly accepted as inevitable as traditional modes of production were insufficient to give an entire population a comfortable standard of living. After the industrial revolution, mass production in factories made wealth increasingly more inexpensive and accessible. Of more importance is the modernization of agriculture, such as fertilizers, in order to provide enough yield to feed the population.

The supply of basic needs can be restricted by constraints on government services such as corruption, debt and loan conditionalities and by the brain drain of health care and educational professionals. Strategies of increasing income to make basic needs more affordable typically include welfare, accommodating business regulations and providing financial services. Today, poverty reduction is a major goal and issue for many international organizations such as the United Nations and the World Bank.

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