Poverty Rate
The poverty rate is a measure that indicates the percentage of a population living below a defined income threshold, often referred to as the poverty line. This line is determined based on the minimum income required to meet basic needs such as food, shelter, and clothing. Governments and organizations use the poverty rate to assess economic conditions and the effectiveness of social programs.
Tracking the poverty rate helps identify groups that may need additional support, such as families, children, or the elderly. It can vary by region, demographic factors, and economic conditions, making it an important indicator for policymakers and researchers studying issues related to economic inequality and social welfare.