For DanArmak’s statement to be true (assuming he lives in the continental U.S.), he would have to be earning less than $47,960 per year. That’s not even remotely unlikely. I earn less than that, for instance.
Relative poverty is not having enough money to maintain the standard of living that is customary in that society.
The absolute poverty line is found by finding the total cost of all the essential resources that an average human adult consumes in one year. Determined by the world bank. This is adjusted for purchasing power parity. In other words, it applies internationally. The absolute american poverty line is just the international absolute poverty. And there’s no need for a relative poverty line, it’s rather a nonsense concept.
$2 a day is “extreme poverty”.
The poverty line in 2013 for a single person (one-person household) living in the continental 48 states is $11,490 per year. (Source: http://www.familiesusa.org/resources/tools-for-advocates/guides/federal-poverty-guidelines.html)
For DanArmak’s statement to be true (assuming he lives in the continental U.S.), he would have to be earning less than $47,960 per year. That’s not even remotely unlikely. I earn less than that, for instance.
That’s about the world GDP (PPP) per capita!
Relative poverty is not having enough money to maintain the standard of living that is customary in that society.
The absolute poverty line is found by finding the total cost of all the essential resources that an average human adult consumes in one year. Determined by the world bank. This is adjusted for purchasing power parity. In other words, it applies internationally. The absolute american poverty line is just the international absolute poverty. And there’s no need for a relative poverty line, it’s rather a nonsense concept.
According to his profile, he lives in Kfar Saba, Israel.