Very Poor: A Comprehensive Guide to Its Legal Definition and Impact

Definition & meaning

The term "very poor" refers to individuals who are significantly below the poverty line. Specifically, it includes:

  • People living in the bottom 50 percent below the national poverty line of their country.
  • Individuals who earn less than the equivalent of one dollar per day, as determined by the purchasing power parity (PPP) exchange rate method.

Table of content

Real-world examples

Here are a couple of examples of abatement:

Here are two examples of individuals classified as very poor:

  • A family of four living in a country where the national poverty line is set at $20 per day, earning only $8 per day.
  • A single individual in a developing country who earns $0.80 per day, which is below the PPP-adjusted threshold.

Comparison with related terms

Term Definition
Poverty A broader term that encompasses all individuals below the poverty line, including those who may not be classified as very poor.
Extremely Poor Refers specifically to individuals living on less than $1.90 a day, a threshold defined by the World Bank.

What to do if this term applies to you

If you or someone you know is classified as very poor, consider the following steps:

  • Explore local and national assistance programs that provide financial aid or resources.
  • Utilize US Legal Forms to find legal templates that can help you apply for assistance or navigate legal processes.
  • If your situation is complex, seek advice from a legal professional or a social worker who can guide you through available options.

Quick facts

Attribute Details
Income Threshold Less than $1 per day (PPP adjusted)
Poverty Line Bottom 50 percent of the national poverty line

Key takeaways

FAQs

Individuals are classified as very poor if they live below the national poverty line or earn less than one dollar per day.