Absolute and relative Poverty By Courtney and Paige

General fats about poverty The poorest 40% of the worlds population accounts for 5 percent of the global income Nearly a billion people entered the 21st century unable to read a book or sign their name. Less than 1 percent of what he world spends every year on weapons was needed to put very child into school by the year 2000 an yet this didn't’t happen. For every $1 in aid, a developing country over $25 is spent on debt repayment. The richest 1% of the population owns 48% of the world wealth and the combined wealth of the 85 richest people is equal to that of the poorest 3.5 billion (half of the worlds population). The poorest 5% of people in the U.S.A are still richer than 68% of the worlds inhabitants. It is estimated that it would take $60 billion annually to end extreme global poverty--that's less than 1/4 the income of the top 100 richest billionaires. 1 young child under five dies every 12 seconds from hunger 5 children every minute .. 303 children every hour .. 7274 children every day .. 2.66 million children  each year ..

Absolute poverty (Maslow's hierarchy) Absolute poverty – living on less than a $1 a day and have a lack of shelter, food and water. Absolute poverty refers to a persons biological needs and it’s the minimum requirements necessary to maintain life, health and physical efficiency. The solution to absolute poverty is to raise living standards of the poor above subsistence level. Absolute poverty is associated with third world country's.

Facts about absolute poverty 1.3 billion people live on less than a $1 a day 3 billion people live on less than $2 1.3 billion people have to access to sanitize water 3 billion people have no sanitation 2 billion people live with no electricity According to unicef, 22,000 children die each day due to poverty

Relative poverty (Townsend theory) Relative poverty Is being poor in compare to everyone else. Relative poverty involves defining poverty in relation to generally accepted standard of living in a specific society at a particular time. This takes into account social and cultural needs as well as biological needs. Relative poverty generally means that a person can't afford an ”ordinary living pattern"— they're excluded from the activities and opportunities that the average person enjoys. A household with one person in it needs less money to live comfortably than a household consisting of a couple and two children

Facts about relative poverty At least 80% of humanity lives on less than $10 a day

Comparison between absolute and relative poverty