poverty

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poverty

a situation where a person's income is too low to enable him or her to buy the amount of food, clothing and shelter that are deemed necessary to meet his or her basic needs, that is, some ‘subsistence’ standard of living. Countries have different definitions of what minimum income constitutes poverty and often measure poverty levels as a proportion of average income. High proportions of the populations of DEVELOPING COUNTRIES experience poverty. Governments attempt to combat poverty by encouraging faster ECONOMIC GROWTH and by the redistribution of income. See REDISTRIBUTION-OFINCOME PRINCIPLE OF TAXATION, ABILITY-TO-PAY PRINCIPLE OF TAXATION, PROGRESSIVE TAXATION, SOCIAL SECURITY BENEFITS.
References in periodicals archive ?
Still, three-quarters of the service firms said they recruited in low-income neighborhoods.
Thirty-seven percent (37%) of the low-income customers made three or more payments during 4/1/94 to 10/1/94 while only 25% of the non-low income customers made three or more payments.
On average, low-income households have fewer assets and lower net worth and experience more frequent employment disruptions than high-income households; these factors combined with a low income often result in higher loan denial rates.
Bernie Wilson, H&R Block vice president, added, "We believe this relationship has the opportunity to transform how low-income individuals access critical services such as tax preparation, government benefits and banking services.
Developers scoff at the idea they'll make big bucks building low-income housing.
For example, it would likely be easier for highly selective schools to institute this type of program because they generally have higher tuition revenue and a smaller low-income student population.
They suggest that if childcare centers are located in low-income neighborhoods, then low-income parents would have easier access.
Common Ground will receive $436,000 from NYSERDA for 1,249 units of low-income and supportive housing.
The Center on Budget and Policy Priorities annually offers updated toolkits in various languages for understanding and marketing the EIC, the child credit and other tax benefits to low-income taxpayers; see www.
Low-income lone mothers are particularly at risk because their labour-market attachment is unstable and low-paying.
Southern National's mortgage-lending efforts for 1993 show further improvement when the number of home mortgages made to low-income borrowers in non-MSAs are considered.
E*TRADE FINANCIAL's investment in One Economy has shown that when we make good information readily available to low-income individuals, they act in their own best interest," says One Economy's CEO, Rey Ramsey.

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