I believe that many of us here knows that there are changes on the economic situation and how people deal with it or stand from the difference economic crisis from the past, we are still have a different status in life same as what we experience before, there are poor but they can now still eat the food that they wanted to eat unlike before the food is very hard to find, the people can now go to school easily they can sustain there school tuition or bills etc., so we can say that the situation is not changing they are still poor but they are not the same poor that we can see before, that even the daily needs is very hard to find or buy, so economy is not so hard this time or it is because we are now in a modern world that even people who doesn't have a stable work can have income on thier own way.
What do you guys think about it is there a big difference on our past and present economy?
There are two types of poverty. Absolute poverty and relative poverty. I've studied about this subject in University 15 years ago, so I don't remember much. You can't simply put all poor people into one category. A homeless person, who is sleeping in the parks or under a bridge and searching for food in the thrash cans is truly poor. Some members of the working class are poor, but they have houses and they can pay their bills and buy some food. Their problem is living paycheck to paycheck and struggling to make ends meet every month.
If you have a roof over your head and food on the table, you aren't totally poor. Your poverty is relative, because some of your basic needs are met, but your standard of living would still be very low, in comparison to the middle class or the rich people.