Patterns of Wealth and Poverty
Patterns of Wealth and Poverty
Throughout history there have always been those who have it, and those that don’t. Yet how do we distinguish between the two groups? There has been a number of ways thought up, such as if a families total earnings are sufficient to obtain the minimum necessity’s to live without extra spending. Another theory is that instead of defining the poor as those who income is too low, they are poor if their incomes are considered too far removed from the rest of the society in which they live. But many believe that poverty refers to a variety of conditions involving differences in home environment, material possessions and educational and occupational resources as well as financial resources. One can also compare the wealth of different nations. You can measure the Gross National Product of a country and then class it as rich or poor, but this does not show the distribution of their wealth. You can also show the human development index, which takes into account such things as literacy rates, access to health care, and life expectancy.
The Way in which people view the world, among other things, is influenced by your position in society and your wealth. Those who live in the rich industrialized countries of the north have labeled the twentieth century as an era of economic miracles. Since the beginning of the twentieth century the average value of goods and services has risen by about 20 times, while the products of industry have grown 50 times. In 1989 there were 157 billionaires and 2 million millionaires. There are now 233 billionaires. The poor see it a different way. There are 100million homeless, 400 million people undernourished, and two billion people drink and bathe in contaminated water. The poor also suffer from environmental damage done by the wealthy.
Economic Inequality: In 1960 it was stated that the wealthiest 20 per cent of the population were 30 times better off than the bottom 1 billion. In 1995 they were
Throughout history there have always been those who have it, and those that don’t. Yet how do we distinguish between the two groups? There has been a number of ways thought up, such as if a families total earnings are sufficient to obtain the minimum necessity’s to live without extra spending. Another theory is that instead of defining the poor as those who income is too low, they are poor if their incomes are considered too far removed from the rest of the society in which they live. But many believe that poverty refers to a variety of conditions involving differences in home environment, material possessions and educational and occupational resources as well as financial resources. One can also compare the wealth of different nations. You can measure the Gross National Product of a country and then class it as rich or poor, but this does not show the distribution of their wealth. You can also show the human development index, which takes into account such things as literacy rates, access to health care, and life expectancy.
The Way in which people view the world, among other things, is influenced by your position in society and your wealth. Those who live in the rich industrialized countries of the north have labeled the twentieth century as an era of economic miracles. Since the beginning of the twentieth century the average value of goods and services has risen by about 20 times, while the products of industry have grown 50 times. In 1989 there were 157 billionaires and 2 million millionaires. There are now 233 billionaires. The poor see it a different way. There are 100million homeless, 400 million people undernourished, and two billion people drink and bathe in contaminated water. The poor also suffer from environmental damage done by the wealthy.
Economic Inequality: In 1960 it was stated that the wealthiest 20 per cent of the population were 30 times better off than the bottom 1 billion. In 1995 they were