Thursday, September 20, 2018

Can Poverty Be Ended?

CAN POVERTY BE ENDED?
Poverty is the inability of a person to provide for himself or herself and the people that are directly depend on him or her for the basic needs of life such as clothing, housing and feeding in a moderate quantity or quality.
Simply put, poverty is the situation whereby a person is living below the poverty line. The poverty line which is sometimes called threshold, is the smallest amount of money a person or a family needs to live on  or to buy what is needed for the family. It is the imaginary line drawn by the experts which has a particular amount. If anybody earns income which is lower than this, is known as poor and who earns more than this, is known as non-poor.
The poverty line is not the same in all countries because of the variations in the prices of the basic needs in all countries.  However, in our own case, we use international poverty line which $1.90 (#685) per day, #20,550 per month on every individual that depends on that income. For example, a man with three children and a full house wife needs #102750 per month to keep him at least on poverty line in Nigeria. Anything below #102750, the man is living below the poverty line.
Absolute poverty on the other hand is defined as having an annual income that is less than half of the country official poverty line while the relative poverty line is the condition of having annual income which is below the average annual income in the society or community.
Some are ignorant of living below the poverty line, some know but they don’t understand how to get out of it while some have retired it to the destiny. This is the reason you need GOOD FINANCIAL NAIRA to improve your financial status.
This article is not written to discourage anybody rather than to make every one stay strong and be positive that we can get out of the poverty trap we found ourselves by developing our financial genius within ourselves.
Indeed, poverty can be ended! Till meet tomorrow .

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