Mark,25,is a single male,working as a newly hired social worker in New Brunswick,earning $40,000 a year.He has $50,000 of student-loan debt.He lives in an apartment,drives a new leased car,and is paying his bills.Yet he still feels disadvantaged compared to some of his married friends who have two incomes.What is Mark suffering from?

Question

Quizplus · Accepted Answer

Mark is experiencing relative poverty because he feels disadvantaged compared to his married friends who have two incomes. Despite having a job and paying his bills, Mark still perceives himself as having a lower social and economic standing compared to others in his social circle. This highlights the subjective nature of poverty, where one's perception of their financial standing is influenced by their comparison to others.

Mark,25,is a Single Male,working as a Newly Hired Social Worker