The definition of poverty is different for every country. There are many formulas to measure it. Poverty generally means not having enough money to meet basic needs including food, clothing and housing. The global poverty line is defined by the purchasing power of people. Poverty is a condition in which an individual or community lacks the financial resources and essential goods necessary for a minimum standard of living.
Each nation may have its own criteria for determining the poverty line and counting how many people are living in poverty. For example, in America the families whose annual income is less than 26500 dollars i.e. 21 lakh 60 thousand rupees are considered poor. There are some countries of the world which look rich from outside… but the truth is something else. Let’s take a look at what people on Quora have to say about it. Please tell that this is a question-answer website, where common people answer questions according to their knowledge.
Is South Korea poor?
A user named Tran Anh Chong has mentioned South Korea in this episode. He wrote on Quora, ‘There is a lot of foreign impression that South Korea is overall a prosperous, modern and high-tech country. but it’s not like that. Only a few areas here are rich. Once you leave the affluent areas of the city, you will reach the slums. Don’t get me wrong, every country has these areas (even the rich ones), but the level of poverty I experienced in South Korea shocked me.’
America was named by the people
Many users have taken the name of America in this episode. A user named Ria Goicoetxia wrote on Quora, ‘The way American cities are built, you need to constantly spend money, this is because you will need a car to move around. A car needs insurance, gas, maintenance…. And it can get very expensive if you want to live close to public transportation. A tiny flat for thousands a month (most Americans really can’t afford it)’.
Many countries of Europe are also in the list
A user named Jain has written about America that up to two and a half lakh rupees may have to be spent here in the name of health insurance. For keeping 2 calls, up to 80 thousand rupees have to be paid. Also, the cost of food for a family of 5 people comes to around Rs.80 per month. Many people have named European countries like Britain and France.
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FIRST PUBLISHED : December 05, 2022, 12:36 IST
