Post
Topic
Board Economics
Re: Is poverty a lack of money?
by
Japinat
on 22/06/2023, 20:56:37 UTC
In summary when you have everything you need to survive and you don't need money, are you poor?

Someone with background in finances will tell you that it's a lack of money, someone with a degree in economics will say it's a lack of resources to satisfy basic needs, I say it's lack of knowledge, skill and opportunities.
You don't need money, but you either need skill, so that you can steal or persuade other people to give you what you need, or you need an opportunity.
I've earned a lot of money through an opportunity because someone told me to research bitcoin and I did, got hooked and it became the best investment of my life. I know people who are wealthy because, for instance, they married into a wealthy family - which again is skill and opportunity combined.
Well, poverty is certainly a lack of not just money but also those different resources that an individual needs to survive. Once you find it hard to provide these in your life, I think you are somehow experiencing poverty. But as long as you know how to use your knowledge and take advantage of every opportunity that comes your way, then you can always put poverty into its end. After all, life is what you make it.