Affluence vs Poverty

Question 1

Affluence

Answer 1

economic and financial advantage in comp. to others. (assesed through income or wealth)

Question 2

Poverty

Answer 2

lack of the financial resources for a minimum standard of living. (absolute poverty, relative poverty)

Question 3

Are poor people unmotivated and have weak work ethics?

Answer 3

NO. Myth. Poor working adults spend more hours working each week than their wealthier counterparts.

Question 4

Is wealth inherited?

Answer 4

NO. Most millionaires are first generation rich. (3/4)

Question 5

Are wealthy people greedy and selfish?

Answer 5

NO. 62% contributed 5-10% of their income to charity & 72% volunteered 5 hours or more a month for some charity.

Question 6

Poverty’s impact on society

Answer 6

Lack of mental stability, low income and non-existen health insurance, no graduation or attendance to college, more likely to commit street crime, political instability, risk of war, terrorism.

Question 7

Affluence’s impact on society

Answer 7

Investments in technological research, rich societies generate more waste.

Question 8

Poverty and Mental illness

Answer 8

Correlated to anxiety, depression, distress, suicide. Higher rates of mental illness in low income comunities.

Question 9

Non Governmental Organization

Answer 9

Alegal organization created by natural or legal people and operates independantly of any government.