Poverty in society

Problem statement.

Poverty is becoming a more disturbing issue, where people continue to face the difficulties associated with the lack of basic needs in life due to lack of means to fund resources. The development of policies to solve the cases faces many difficulties due to inequality, unemployment, and illiteracy among the poor, making taking them from their miseries impossible. Despite the effort in the policy development, which includes means-tested welfare policy, minimum wages, among others, where the policies to reduce poverty are implemented by the government; the case is still severe due to the differences in the needs of the poor and lack of a long-lasting solution to the problem.

The current detectable poverty indicators among people are defined according to the people's earnings below the income that can support a family in meeting its basic needs, size, and age. In 2019 the poverty threshold was marked at a person who was having $12 486 where the age was under sixty-five years, $16,910 for a household with a total of two people who are 65years or older but with no offspring, $25,750 for a household that has four peoples and two children under 18years (Meyer, & Sullivan, 2018). The people's inability to meet their needs does not allow for the development and acquisition of the basic skills and education that can provide a gateway to eradicating poverty among people. The low income causes the household to stagnate in meeting the basic needs and meeting the health, making the low income the fuel to society's poverty rate (Bosch, et al., 2019). The program that includes the microfinancing of the poor cannot eradicate poverty as the funds are used in the business opening, but due to the high level of illiteracy, the basic business skills are lacking in the people making the operation of the business impossible.

Households under the control of single parents are more susceptible to poverty, where most of them are among the working poor, from the aspect of race affecting most single mothers. The cases are more severe in the white and Asian single mothers, black women, Hispanic women living as single mothers and their children, where most poverty cases are observed in the united states (Damaske, Bratter, & Frech, 2017). These poverty cases are associated with racial discrimination to the social stratification with the people’s colour affecting the distribution of the resources and other factors like employment, causing them to be disadvantaged more by the system. Development in the poverty rates among this group is based on the low education levels among the mothers, unemployment cases, and lack of work experience, causing them to experience the highest levels of poverty.

The eradication of the global problem of poverty can be attained by providing employment opportunities to the community to the people's ability.  In the process, the innovation in the mobile phone financial services, among other microfinancing, will help provide the opportunity to the employment of the poor, helping in creating a source of income for the families (Zhang, 2017). The process involves the provision of education to the people to enable them to start and operate a business, thus enabling them to sustain the source of income. in the provision of the education and entrepreneurial opportunity to them, I would help them in the business opportunity identification and implementation to ensure an as successful business. In the process, the education part's implementation will require the people to have the basic skill in operating a business, thus attained through giving them the education on the fields.

 

 

References.

Bosch, J., Palència, L., Malmusi, D., Marí-Dell'Olmo, M., & Borrell, C. (2019). The impact of fuel poverty upon self-reported health status among the low-income population in Europe. Housing Studies, 34(9), 1377-1403.

Damaske, S., Bratter, J. L., & Frech, A. (2017). Single mother families and employment, race, and poverty in changing economic times. Social science research, 62, 120-133.

Meyer, B. D., & Sullivan, J. X. (2018). Annual Report on US Consumption Poverty: 2017. American Enterprise Institute.

Zhang, Q. (2017). Does microfinance reduce poverty? Some international evidence. The BE Journal of Macroeconomics, 17(2).