Poverty Vs Wealth

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doesn't necessarily mean you are viewed as wealthy. In fact, you may still be viewed as poor even if you have all of them. Although some people do live in severe poverty in developed countries, there are more services available on the whole, and a higher standard of living. Therefore, the concept of wealth and poverty is relative, and there is room for subjectivity and perspective.

In some cases, however, there is no room for argument or debate, such as people that live on less than $1 a day in the world's poorest areas. Over 1 billion people worldwide find themselves living under these circumstances, which is regarded as absolute, rather than relative, poverty. This type of poverty is most pervasive in Sub-Saharan Africa and South Asia, where over 40 percent of the population lives on $1 a day or less..

In developed countries, recession and debt are two main concerns. Recession raises unemployment levels and dependence on welfare and benefits, and lowers wealth and quality of ...

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