Lesson 41 - Absolute and relative poverty

Question 1

Define the term absolute poverty?

Answer 1

When a household does not have sufficient income to sustain even a basic acceptable standard of living and people are unable to meet their basic needs.

Question 2

Define the term relative poverty?

Answer 2

Relative poverty refers to a level of household income that is considerably lower than the median level of income within a country.

Question 3

What is the official UK relative poverty line?

Answer 3

The official UK relative poverty line is household disposable income of less than 60% of median income