reformulating every few years to adjust the cost of living is one fundamental change that critics argue is necessary for reforming the poverty threshold calculation.
poverty, the state of one who lacks a usual or socially acceptable amount of money or material possessions. Poverty is said to exist when people lack the means to satisfy their basic needs. In this context, the identification of poor people first requires a determination of what constitutes basic needs.
Poverty is the state of having few material possessions or little income. Poverty can have diverse social, economic, and political causes and effects.
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