What is one shortcoming of the current calculation of the poverty rate?

Name: What is one shortcoming of the current calculation of the poverty rate?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The current calculation of the poverty rate only focuses on income and ignores wealth. This means that someone with a high net worth but low income would not be considered poor, while someone with no assets but a high income would be considered above the poverty line. This can result in an inaccurate portrayal of poverty in a society.

What Is One Shortcoming of the Current Calculation of the Poverty