Topic: Is poverty a lack of money? - page 10. (Read 1603 times)

Some people fall into the wrong side of history and that has limited them with the resources they had today despite many generations that have passed on to them today, the privilege to enjoy some benefits is not there though there are some people that are rich today because their great generations have done some bad things in the past, some have indulged into illegal business and money deals, today their grandchildren generation are enjoying the wealth today.

Just as I have said earlier, some generations were not favored inequality, slavery also contributed to some of these aspects, racism, and ethnic hate contributed to why we have numbers of poverties but Africa has a factor, education was one of the major roles why some people were privileged today because they were in bigger place earlier when they had their basic educations than people who never did until their generation later hops into the game.

Now back to your question, I think there is a difference between poverty and being poor, being poor depends on the individual mind, I can be using a Gucci product and choose to say that those who wear ordinary brands as fake, I could also see someone eating or drinking cheap food and may see them as poor and there is another person in another place seeing me as also been poor, poor depends on individual definition but poverty is something I don't want to wish for anyone.

Poverty is like a chronic disease, which they do not want to treat realistically, and try to avoid this topic, and to convince themselves "well, it's not too bad? What can we do? Nothing! Let's live like this... Our ancestors lived like this... We'll live this way... And our children will live this way..."

Poverty comes from the lack of culture, education, habits, desire to study/develop/work, various religious "cockroaches", etc. It can be overcome only by the person himself, if he has the WILL to change his life, and not the desire for someone to do it for him... And very many people imagine the solution to poverty - to get a lot of money... Which then it turns out they do not know how to manage, because there is no knowledge and skills of handling and managing money.

There is an economic psychological and religious definition of poverty. I believe the economic definition of poverty would be when your cost of living is higher than the standard of living. That is the individual is unable to afford the basic needs. This varies from one environment to another.

The psychological definition of poverty maybe an individual who is week in mind and cannot generate ideas to better dear economic condition. Therefore if you ask me I would say from the economic standpoint poverty is actually a lack of money and poverty from a psychological standpoint is a lack of ideas to generate money.

I agree with what you say in this matter because money is not a benchmark for wealth or poverty and indeed the point you said about health issues, science etc, is the right thing.
But on the other hand, for now, health and science are also still based on money at this time because indeed I may not know what it's like in a developed country, but when I'm in a developing country like me now health, science and all forms related to things that are more good for ourselves still based on money. As long as we have that, the best facilities will definitely follow and if indeed we are short of money then it will be normal without anything that is truly equal.
This kind of gap cannot be changed just by trying or not, but indeed money will definitely determine where you will be recognized and pampered.

The issue of poverty is a serious situation that generates deaths annually and you come here as a 6-year-old child in that context.

 It is not that it is bad to talk about poverty, on the contrary, but I repeat, you do not want to come and tell a poor person that they can live without spending money.

They poverty is associated also with  access to basic services structural deficiencies, dirt floors, lack of access to adequate hospitals, transportation, depending on the country it is poverty in others it is not, because the government supports social assistance.

That is, no matter if he doesn't spend money, at least of course they belongs to an indigenous community that culturally survives that way.

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Edit: add...
Not having access to bank credit can mean in many countries that you qualify as a poor person.  It is really complex and as I mentioned it even includes the sociocultural aspect. (e.g.)

Anything that you don't have you can be called poor in that category.

In finance, you cannot be called poor even if you don't have money but you have the resources. Everything that has value means money. For instance, many people in rural areas lack money but they have an abundance of food and other resources such as lumber and mineral.

A lot of rich people actually do not have tons of cash. I have a rich client before that is too low on cash because all of his income from his business weekly goes to different types of investments like properties and stocks. He even sometimes borrows money when huge amounts are needed. He's got a lot of assets but low in cash but he is not poor but the opposite.

So in the end, the balance sheet is the only way to call someone poor or rich.

Having everything that can sustain our life doesn't mean that we are poor but apart from these we need to have money to get our needs. In my own opinion, I think that in order to be considered poor a person should not have enough to live on but as I mentioned it is important to have money for other necessities and luxuries as well. That is, it would not be correct to describe ourselves as poor unless we have our wants and luxury products but it would not be correct to say that we are poor if we have everything in order to survive. In summary, I think that having everything that can sustain our life and not having money is not poverty. If we need to make a classification we can think that individuals who are in this way are middle class individuals.

In a context where money has no value, the determination of rich and poor will turn to other criteria, such as the quantity and availability of essential resources. So actually, wealth and poverty can be relative to some extent. I believe that in different societies and cultures, the criteria for determining wealth and poverty may vary based on available resources and the values maintained by the community. So meeting their basic needs may be their primary concern, while for others, happiness and satisfaction may be more important, even if they have no resources. substantial finances.

There's nothing wrong with that explanation, but did you know that in rice cultivation, even to produce quality rice, you also need to provide quality fertilizer? Not only that, farmers cannot work alone, they must have the help of other people, and to provide wages, of course, they need money. Don't misunderstand that today's concept of agriculture will not approach the concept of traditional farming. Currently, with the sophistication of technology and the costs required to produce vegetables, fruits require a lot of money. I say that because, in the agricultural sector, it has been almost 6 years and is still running now. During the pandemic, we were actually overwhelmed during the harvest and the process of transitioning to fertilizing seeds, costs soared, and automatically the money needed exceeded the costs before the pandemic. Workers who demand an increase in wages because of soaring demand and we as farmers must be able to think not only in times of profit but during unexpected long dry spells, which is most unavoidable when pests come, then the demands of farm laborers from all elements are still important including money to keep things running well and smoothly.

Whatever the case, people have the choice of the kind of lifestyle they want to live, and for someone who doesn't just want to live some kind of comfortable lifestyle, they will need some kind of financial-well to enable them to live the good lifestyle they want. Once you can live the good lifestyle you want, you can consider yourself not poor because you feel you have everything you desire in life, but someone who really has more than what you own will consider you poor. Some people feel they have everything and that they are not poor, but if they have the opportunity to travel out of their country to well exterblish countries where they can feed their eyes with goods things and enjoy life for some days, then they will testify to them selfs that they are poor.

What I mean is, if everything you have is worth about $10k and someone's wealth is 20X, 50X, or 100X what you have, then you are poor because you cannot afford what those people can afford. But the lifestyle some people live is a choice. Some people say they are okay with what they have and that their children will continue where they stopped and make more wealth.

Based on your talk about living in an apartment with a toilet, kitchen, and the rest of it (your PC), what if your wife starts having babies, after which your kids start coming of age? Do you think the same apartment can contain your entire family? Do you believe you are your wife can still be living that comfortable lifestyle in that house at that time? Every plan people make at their mature age should include plans for the future of their children as well. (Just saying.🤠)


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

Poverty cannot be measured by lack of money, as long as they have sufficient resources even though they do not have money, that person cannot be categorized as poor. As long as they are still able to eat three times a day, sleep in a proper place, have daily activities that can feed their family, the person is not yet categorized as poor.
The people in the village look poor with the way they live. If all the resources they have are cashed in, they can afford a house with all the luxurious facilities. Poor when they have nothing to sell, they must rely on the mercy of others to survive.

Poverty begins when people thinks that they are deprived of anything like most of the people have money but they don't know how to use it therefore they cannot live a life which is satisfied, some people have lots of money but their health is not well so these individuals spend most of their money on treatment therefore their life is not satisfied.

This is correct that whenever the needs of a person become completed then he will become a wealthy person without money but I think that needs can be fulfilled but desires never ends so this desires make a person poor in his own thoughts as he compares his life with others.

I disagree with you.

Even if you have food because you have a farm, you can't deny the fact that you still need money for your other needs, like paying your electric bills, water bills, tuitions of your kids, and other services that requires money as a payment. Money is the biggest role player in our everyday lives, especially in urban areas, if you don't have enough money to sustain your needs, yes, you are poor, simple as that.

actually Poverty literally talking about Lack of money but if you are talking about Poorness ? then that is different thing because we might be poor in money but we are rich In LOVE and Friends .

Poverty is about not having enough money to meet basic needs including food, clothing and shelter. However, poverty is more, much more than just not having enough money. The World Bank Organization describes poverty in this way: “Poverty is hunger. Poverty is lack of shelter.

https://www.google.com/search?q=meaning+of+Poverty&rlz=1C1KNTJ_enPH946PH946&oq=meaning+of+Poverty+&aqs=chrome..69i57j0i512l9.536733371j1j15&sourceid=chrome&ie=UTF-8

Look at how it was explained but did not mentioned about lovers and family and friends.

If you don't have money then you are poor and accept it, some people don't want to live as materialistic so they decided to lead simple life but you will be still called as poor when you don't have money in the bank account whereas if some rich person moves to such lifestyle will become a talk of the town.

Food will not grow 365 days a year so if the community ran out of food then they need money to buy stuffs needed for survival.

Those who do not need to buy daily necessities are not poor because they are producing daily necessities. Many of us think that all those involved in agriculture are poor, but agriculture does not mean being poor. There are many farmers who grow all kinds of crops and export their produce to different places to meet their own needs. It is wrong to think that just because they live in villages and are engaged in agriculture, they will be poor.

Yes when various workplaces were declared closed due to covid 19 many people came back from cities to villages to lead a normal life. Because they moved from the city to the village thinking that they will spend their lives in the village. So agriculture is not a poor profession.

People started to move to rural areas because of the insanely high taxes they are paying in cities and yet they were not able to get any facilities when the lockdown was in affect and they understood that with limited resources people were able to do their jobs. If you look now majority of the commercial buildings are empty because some of the companies now prefer work at home and hence save money.

On to the topic, if you are having the resources it automatically means that you are having the wealth to obtain those resources. You are portraying a situation where everyone is having everything which is not a realistic situation. Either you need to be in jail to get all those resources for free without paying anything  .

Money is just a tool for the exchange of goods. That's it. If you get to an island where money is not considered as valuable then it will be useless.
With regard to your question, well it depends on the way you want to live your life. If it just enough for you to live with your basic needs, food, shelter, and agriculture, then be it. But just take in mind that we now live in a world of extravagant. Designer clothes, travel experiences, and cars. You can only access these things with the use of money.

Yes, you can survive without. But why would you if you are capable of exceptional life.

I think that's the eternal argument between my wife and me. I am not saying that I could be poor and still live greatly, but she keeps introducing me to better shit and I keep wanting them because of that. I honestly believe that I could live in a small 1+0 apartment that is just one room, bed, kitchen, my pc, tv, all in same place with just a toilet, a small place and I wouldn't even need to get out, I would just order in everyday whatever I need.

That way, I would wake up, get in front of my pc, do my work, then when that's over, play some pc games or ps5, and eat, and just go back to sleep and keep doing this 365 days a year without ever wanting to do anything else, or at least it was like that before her. Now she got me hooked on so many things in life, and I keep wanting more, well if you keep wanting more, then you will need more money. I could have lived quarter of what I spend now alone, and yet because she likes good life, I want a good life too now, and this is why we spend so much more.

Technically a person like that is not poor, however you are describing a person that is living in a way that is extremely rare on the west, after all such a lifestyle will not allow such a person to buy any of the latest technologies or have access to electricity and other modern appliances, and not even the Amish live such a frugal lifestyle, so if at some point such a person wants to buy some products from others then they will have no choice but to sell some of their products and acquire money.