Poverty and Inequality

  • Created by: Julia V
  • Created on: 26-03-20 14:56
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  • Poverty and Inequality
    • Absolute Poverty
      • a condition where household income is below necessary to maintain basic living standards (food, shelter and housing).
    • Relative Poverty
      • a condition where household income is a certain % below median incomes
    • Causes of Poverty (Part 2)
      • Old age
        • pension incomes are significantly less than average incomes.
      • Regressive taxes
        • taking a larger % of income from low-income earners than from high-income earners
      • Inheritance
        • allows wealth inequality to be passed on and magnified from generation to generation


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