Carol,Bill,and their daughter live paycheque to paycheque,having barely enough each month to cover the cost of rent,groceries,and utilities.Which term best reflects their situation?

Question

Quizplus · Accepted Answer

Relative poverty refers to a situation where an individual or family's income is below the median income of their society or country, and they are therefore unable to afford a standard of living that is considered acceptable by society. In this case, Carol, Bill, and their daughter are able to meet their basic needs, but they are not able to afford any luxuries or extras, and they are likely to feel financial stress and insecurity. Relative poverty can be contrasted with absolute poverty, which refers to a situation where an individual or family cannot afford the basic necessities of life, such as food, water, shelter, and healthcare.

Carol,Bill,and Their Daughter Live Paycheque to Paycheque,having Barely Enough Each