Everyone is familiar with the concept of poverty, but poverty has different forms of manifestation. Therefore, there are different types of poverty depending on the measurement used, the geographical area and how or whom it affects.
Moreover, poverty can be measurered very differently depending on the different parameters that exist.
So, you think you know all about poverty?
Likewise, the conditions established by the UN are:
In short, poverty is known as a difficulty in ability to obtain the basic resources necessary to live. However, everyone thinks that it is associated with a lack of economic resources, but in reality, it goes much further than a lack of money.
Below, we will explain the different types of poverty that exist and how each one affects the lives of the people who suffer from it.
There are 4 different types of poverty, depending on how it is measured:
There are also different types of poverty depending on geographical area:
Finally, there are other types of poverty depending on how and who it affects:
Considering that there are different types of poverty, we can also say that there are different ways of measuring it.
The most common way of measuring poverty is the method proposed by the World Bank. Poverty is calculated by dividing the GDP (Gross Domestic Product) by the number of inhabitants. In this case, a person would be considered poor if their income is below the national standard of each country.
Another way to measure the level of poverty is through the Human Development Index (HDI), proposed by the UN. This indicator serves to measure a country’s level of development, not only by taking into account the salary of a person, but also their different deprivations and needs.
The calculation of the HDI is therefore more complex to measure, as it is composed of 3 different parameters: life expectancy, education, and economic wealth, which also have their own index.