SOC 100 - Poverty (final)

What is poverty

a condition of deprivation due to economic circumstances that is severe enough that the individual in this condition cannot live with dignity in his or her society

Poverty line

a federally defined income limit defined as the cost of an “economy” diet for a family multiplied by 3

Poverty Thresholds

measure of the cost of living compared to actual income

Cost of Living Index

a relative poverty measurement

Absolute poverty

measures poverty using costs associated with goods needed to maintain life

Relative poverty

measures poverty based on income distributions within a given society