Types of poverty

Poverty:

poverty may be defined as “general scarcity is the state of one of lacks a certain amount of material possessions or money. It is a multi-faceted concept, which include social, economic and political element”.

Or it may also be defined as

A state or condition in which a person or community lacks the financial resource and essential to enjoy a minimum standard of life and well-being that’s considered acceptable in society.

Types of poverty:

 There are six type of poverty according to eric Jensen’s. he listed these six types as

1.         Situational poverty

2.         Generational or chronic poverty

3.         Absolute poverty

4.         Relative poverty

5.         Urban poverty

6.         Rural poverty

 

i.          Situational poverty:

This particular type of poverty is usually temporary as it involves in a crisis of lose occurring. Events connected with situation poverty include environmental disasters, divorce or severe health problems. A good example of situational poverty cause by an environmental disaster would be the destruction of new or lanes after hurricane Katrina. Many peoples were homeless, lost their jobs, and had nothing to their names. The fall of the economy can also be considered an event that could cause situational poverty.

ii.         Generational or chronic poverty:

This type of poverty involves the birth of two generations in to poverty. Because they were born in to the situation they usually don’t have tool to help to get them out it.

iii.        Absolute poverty:

People in absolute poverty don’t even have basic necessities like a roof over their head food and water. Their only focus is on surviving each day as it comes. This particular type is rare in India, United States and Pakistan.

iv.        Relative poverty:

This type of poverty is known as relative because it is relative to the average standard of living in that person’s society. What is considered high income in one country could be considered middle or low income in another. If a family is income is not enough to need the average standard of living. They are considered to be in relative poverty.

v.         Urban poverty:

This particular type of poverty is only for metropolitan areas with population over 50000. Overcrowding, violence, nice and poor community help program make it even more difficult for people suffering of this type of poverty to get out of it.

vi.        Rural poverty:

Rural poverty occurs only in specific area types. These areas are no metropolitan with population below 50000. The low population limits service available for people struggling financially, and lack of job opportunities only compounds the problem.