Poverty in older documents also Dalles and Pauperität (poverty)

Generally, an economic hardship that persistently determines the living situation. It is usually distinguished an – absolute poverty (destitution), in which basic human needs such as water, food, clothing, shelter, health care and schooling (basic human needs which usually includes water, nutrition, clothing, shelter, health care and schooling) can not be satisfied. In another definition, a specific amount of money is given that is available to each resident. This has the advantage that it allows absolute poverty to be accurately determined. In 2014, 1.2 billion people had an income of less than USD 1.25 per day and were thus absolutely poor according to the calculations of the World Bank. In addition, there is also relative poverty in developed economies. This is usually referred to when someone has an income of less than half of the average income of all inhabitants (commonly, relative poverty is measured as the percentage of population with income less than half of median income). This group of the poor underclass is also called precariat. Finally, feeled poverty (socio-cultural poverty) refers to those who consider themselves poor because of unequal social status and inequitable social relationships, experienced as social exclusion, dependency, and diminished capacity to participate, or to develop meaningful connections with other persons in society, together with those who live and act in constant fear of impending economic hardship. – A phenomenon that cannot be eradicated even in rich countries is intellectual poverty, which describes a state of mind of unimaginativeness, poverty of thought, lack of imagination, in short, of dullness and stupidity (generally, it refers to a state of delayed intellectual development). Experts count up to twenty percent of Germany’s population in the group of the intellectually poor. These are served by special press products (one daily tabloid alone reached almost 18 percent of the German population aged 14 and over in 2014, or nearly 12 million people) and television programs.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/