Poverty and Wealth
Even in the richest nations on earth the disparity between poverty and wealth can be alarming. A recent survey indicated that over 43 million Americans are living below the poverty line. The poverty line is considered to be the point where someone could have a “decent” standard of living. As standard of living is a relative term, poverty, … Keep Reading → by definition has to be a relative term. The poverty line in the United States would represent a lot of money in other parts of the world. The same logic applies to wealth. The income and resources that would make you wealthy if many parts of the world may not provide a decent standard of living in many Western countries. Ultimately, in any country, issues of poverty and wealth come down to the concept of inequality. It’s not a particular number that makes you rich or poor, but rather how that number relates to other people living in the same society.
