Post
Topic
Board Economics
Re: Is poverty a lack of money?
by
ElmedoRator
on 15/06/2023, 16:58:45 UTC
While the conventional understanding of poverty often involves a lack of financial means, it has been expanded to include many factors that contribute to individuals' inability to meet their needs. This broader view recognizes that poverty can be caused not only by a lack of income but also by problems related to financial management, behavior, and limited experience in handling finances effectively.

In some cases, some people have the ability to earn income but have difficulty balancing their expenses, leading to financial difficulties and not being able to meet their needs. So understanding poverty in this way acknowledges that this is very important. It emphasizes the importance of addressing not only the income aspect but also providing education and assistance in financial planning and management to help people escape the cycle of poverty.