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In 2014, the United States defined poverty as the state in which anyone is surviving on less than $32.00 per day.
What are the measures of poverty?
Poverty can be measured with current income condition of an individual to fulfil the basic necessities of life. It focuses on poverty measures such as income, food, and housing access, among others.
It is calculated by keeping in mind three factors which are as follows-
· Basic needs of individual
· Income before paying tax
· Inflation or change in the price of goods and services
The physical poverty model is widely used in income poverty surveys to assess lack of access to financial opportunities, to meet basic fundamental requirements. If a person's earnings is insufficient to purchase the amount of goods and services used to define poverty, they are considered poor.
In 2014, United States considered people as below poverty lines whose daily earning is less than $32.00 per day.
Learn more about poverty refers to:
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