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Banker to the Poor: Micro-Lending and the Battle Against World Poverty is an autobiography of 2006 Nobel Peace Prize Winner and Grameen Bank founder Muhammad Yunus. The book describes Yunus' early life, moving into his college years, and into his years as a professor at Chittagong University .
Rural poverty refers to situations where people living in non-urban regions are in a state or condition of lacking the financial resources and essentials for living. It takes account of factors of rural society, rural economy, and political systems that give rise to the marginalization and economic disadvantage found there. [1]
In developmental economics, the Poverty-Growth-Inequality Triangle (also called the Growth-Inequality-Poverty Triangle or GIP Triangle) refers to the idea that a country's change in poverty can be fully determined by its change in income growth and income inequality. According to the model, a development strategy must then also be based on ...
In economics, a cycle of poverty, poverty trap or generational poverty is when poverty seems to be inherited, preventing subsequent generations from escaping it. [1] It is caused by self-reinforcing mechanisms that cause poverty, once it exists, to persist unless there is outside intervention. [ 2 ]
Payday lenders, which typically charge high interest rates, are more common in lower-income neighborhoods. A cost of poverty, also known as a ghetto tax, [1] a poverty premium, [2] a cost of being poor, or the poor pay more, [3] is the phenomenon of people with lower incomes, particularly those living in low-income areas, incurring higher expenses, paying more not only in terms of money, but ...
Using the Supplemental Poverty Report and looking at everyone in poverty, not just those working, these percentages actually rise to 14.9% with a high school diploma, 9.7% with some college, and 6.2% with a bachelor's degree of higher. [14] Blacks and Hispanics have higher rates of poverty than Whites and Asians at every education level.
Specifically, the poverty rate, in 2019, was most notable in the younger age category of 18 to 24 years old, of which 17.1% were males versus 21.35% females. [59] Children were, as a group, most affected by poverty between the period, 1990 and 2018. Between 2000 and 2010, the poverty rate increased. A dip of 14.4% was later noted in 2019. [60]
The poverty threshold, poverty limit, poverty line, or breadline [1] is the minimum level of income deemed adequate in a particular country. [2] The poverty line is usually calculated by estimating the total cost of one year's worth of necessities for the average adult. [ 3 ]