Relative poverty measures the extent to which a household’s financial resources falls below an average income level.
- Although living standards and real incomes have grown because of higher employment and sustained economic growth, there is little doubt that Britain has become a more unequal society over the last 20-25 years.
Absolute poverty measures the number of people living below a certain income threshold or the number of households unable to afford certain basic goods and services.
- What we choose to include in a basic acceptable standard of living is naturally open to discussion.
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