FRHD 3090 Lecture Notes - Median Income, Human Resources Development Canada, Income Distribution

• School: University of Guelph
• Department: Family Relations and Human Development
• Course: FRHD 3090
• Professor: Michelle Preyde

Document Summary

Poverty: poverty is the condition of people who lack adequate income and wealth, poverty gap (growing) Amount of additional income needed to bring family / individual up to the poverty line. Relative poverty: people are relatively impoverished if the customary (average) standard of living in their society requires more spending than the income they have available. This standard changes as a society becomes more prosperous: relative to the average income. Measuring poverty: why measure poverty, identify people living in poverty, track trends, provide assistance, develop understanding (research) Approaches to measuring poverty: absolute, minimum needs, characterized by severe deprivation of basic human needs, incuding food, safe water, sanitation, health, shelter, education, Approaches to measuring poverty: relative, relative to the average income, income distribution, fuchs point. Less than the national median: relative compared to whom, monetary and hardship indices. Canadian measures: statistics canada (not poverty line!) Low income measure: hrdc market basket measure.