Rich and Poor in Britiain Glossary Flashcards
Wealth
Large amounts of money/investments
Poverty
Being without money
Debt
When a person/organization owes more money than they possess
Inheritance
When you are left money/property by someone in their will, when they die
Excessive salaries
“Fat-cat” salaries - large amounts of money earned in some organizations of professions
Poverty Trap
Not being able to break out of poverty
Minimum wage
Legal minimum amount that must be paid to a worker in the UK
Charity
Giving to the needy
National Lottery
Regular gambling compeititon
Where can poor people get “support and advice”?
Careers advisors
Local Authority based ‘Connexions’ service
Citizens Advice service
- Access education training
- Guidance claiming benefit
- Dealing with debt
Type of taxes gov provides
Unemployment
Invalidity - someone cannot work due to illness
Child - families with children, help with costs involved
Housing and council tax
Tax credit for those on low income
Old Age pension - over retirement age, have made National Insurance contributions
Children charities
Children’s Society
NSPCC - National Society for the Prevention of Cruelty to Children
Charity for the elderly
Help the Aged
Example of a religious organization
Salvation Army
Running food+clothing centres + hostels for the homeless
