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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