Karim was laid off from his job.He struggled financially for six months until he found another full-time job.As a result, Karim had to sell his house and rent a small apartment.What type of poverty did Karim experience?

Question

Quizplus · Accepted Answer

Karim experienced transitional poverty, which refers to a temporary period of financial hardship due to a specific event, such as job loss. This is different from absolute poverty, which is a chronic condition of deprivation, intergenerational poverty, which refers to poverty that is passed down from generation to generation, or relative poverty, which is based on comparing one's income or standard of living to that of others in society.

Karim Was Laid Off from His Job