Poverty Rate
The poverty rate is a measure that indicates the percentage of the population living below a certain income threshold, which is defined as the minimum level needed to meet basic needs like food, shelter, and clothing. This threshold varies by country and is often adjusted for family size. A higher poverty rate suggests more people are struggling financially, which can impact overall health, education, and economy. Governments and organizations use this rate to assess social issues, develop policies, and allocate resources aimed at reducing poverty and improving living standards.
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The poverty rate is a measure that indicates the percentage of people in a specific area who live below a certain income level, which is often defined as the minimum needed to meet basic needs, such as food, shelter, and clothing. This level varies by country and can depend on factors like family size and local cost of living. A higher poverty rate suggests more people are struggling to make ends meet, while a lower rate indicates better overall economic conditions. Policymakers use this statistic to identify areas needing support and to track changes in economic wellbeing over time.