Reddit according to the research findings, an older person is most likely to have had the experience of one year of poverty than a younger person.
Being in a state of poverty means having few material possessions or little money. Numerous social, economic, and political factors can contribute to or be a result of poverty.
There are two main ways to assess poverty in statistics and economics: absolute poverty compares income to the amount required to meet basic needs like food, clothing, and shelter; relative poverty assesses when a person cannot maintain a minimum standard of living in comparison to others in the same time and place. From one nation or society to another, relative poverty might be defined differently.
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