• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Education
  • Career
  • Investment & Money
  • Accounting & Taxation
  • Transportation & Logistics
  • Industries

Business Finance Articles

Your First Financial Choice....

  • Business
  • Commerce
  • Management
  • Insurance
  • Banking Finance
  • Marketing & Advertising
  • Tech

How Can you Help Reduce Poverty

Last Updated on June 15, 2020 By JamesCrook Leave a Comment

It is quite prevalent that the economic crisis has taken over the world badly. All the states and countries, either rich or poor, are suffering from this mess. One of the biggest countries in the world, like the USA, is among them, where the prevalence of poverty is a huge concern. When it comes to the states, people there, usually think of urban or rural areas, where the poverty rate is notable.

However, this theory does not fit anymore. According to some researches, the ratio of poor people has increased significantly in the suburban areas. Approximately 3 million people are starving in the suburbs as compared to the people living in the cities. Such conditions have become challenging for the residents of that area and also for the policymakers. For this, various governmental and human service organizations have to look into this matter to identify the root causes. 

Table of Contents

  • Factors driving the Poverty
    • Increased Population and Housing Cost
    • Economic Recessions
    • Low Stipend
  • Ways to reduce poverty
    • Increase Employment Rate
    • Increase the Pay of Workers
    • Strength Existing Programs
    • Organize a Group or Community to aid the Needy
    • Stop Mass Imprisonment
    • Handle Segregation and Racism
  • Conclusion

Factors driving the Poverty

As we discussed earlier, the geographical location of poverty has shifted to suburban areas. Several factors are considerably contributing to poverty like low-wage jobs, aging, or job loss due to recessions and racism. 

Increased Population and Housing Cost

The diverse and increased population in the suburbs areas is one of the main reasons. Most of the immigrants have moved there, doubling the population. While the housing costs in urban areas are rising due to the reinvestments, that is forcing the people to look for an affordable place to live in like suburban areas, where the houses are not expensive that much. But again it is increasing the number of people in these areas.  

Economic Recessions

However, the downturn in the economy has hit harder the people of the suburbs than the urban. Increasing suburban poverty due to which a numerous amount of people living in that area are unemployed and barely able to meet their needs. However, the households where the people are not unemployed, but their income is less than the threshold, come under the definition of poverty.

Low Stipend

Low-wages work, one cannot ignore this factor as it is also intensifying poverty. Most of such low-income jobs belong to these areas like sales, cleaning, food services, and so on. Around 60%of the residents of this area, perform the before-mentioned jobs and are somehow trying to earn their bread and butter.

Ways to reduce poverty

Several programs led by the government and non-profit organizations are there to eliminate poverty from the world. But that is not enough; unemployment is the first and foremost issue that we need to resolve. Additionally, policymakers should set the wages of people in a manner that should be enough to support their families and satisfy their needs.

Increase Employment Rate

No doubt, a good and handsome salary can resolve so many financial issues. But if the opportunity of a job is not there, then how will a person earn his bread. Therefore, we need to increase the job options for low-class communities.

Though the government is doing a tremendous job, they need to provide more job opportunities. By investing in general sectors like schools, health, and childcare, this will not only benefit the public but will also provide jobs for the jobless. Also, investing in the fixation of old bridges and buildings will open many doors of employment for poor people.

Increase the Pay of Workers

Various studies have shown that the wages of several workers are not even up to their living standards. Such minimum salaries do not meet their essential living needs. Hence, now is the time to work on it. We should focus on taking the minimum wages to meet the standard requirements of life. If the authorities and unions start hauling pressure, then they can resolve this problem and reduce poverty.

Strength Existing Programs

Yes, you have heard right, such kinds of programs are especially useful and beneficial for poor people. The income of the poor can increase by the earned income tax credit program, while food stamps and cash assistance can also control the hunger of the kids of the poor community.

Organize a Group or Community to aid the Needy

It is an excellent way by which a common man can fight poverty. Instead of working all alone, make an organization or welfare that will strengthen and empower them. Find and build opportunities for them to bring a positive change in their world.

Stop Mass Imprisonment

A lot of people from different races, in the states, are not allowed to work because of their minor criminal records. That has taken away the chances of earning from people, and they are suffering because of it. It is evident that at many places, owners do not hire such people. Therefore, one should concentrate on this matter and end this incarceration.

Handle Segregation and Racism

There is no doubt that racism is increasing widely, particularly affecting the specific people and their community. Because of this, they are unable to get even the essential resources, and nobody wants to give them any job. So, it is the right time to stop the separation and racism in society to overcome poverty-related issues.

Conclusion

It is an understatement to say that nothing in this world is impossible. If you are willing and determined, then you can achieve any milestone. The economic mess has affected every country severely. Therefore, it is crucial to take serious steps that can reduce poverty. By increasing the employment rates and wages of the workers, we can restrain this issue, whereas the poverty control programs are also very serviceable in this mission.

JamesCrook

James Crook is a business and financial author living in the US. James has been writing from years

Filed Under: Economy Tagged With: Business Tips, Unemployment, USA, world economy

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I accept the Terms and Conditions and the Privacy Policy

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Primary Sidebar

USDC Gains Legitimacy With Visa Partnership

Bitcoin is the best-known and most successful … [Read More...] about USDC Gains Legitimacy With Visa Partnership

Useful Tips to Reduce Stammering in Interview

Finding a valuable job opportunity that suits your … [Read More...] about Useful Tips to Reduce Stammering in Interview

Why You Should Consider Investing in Bitcoin

People have different conceptions as far as investing … [Read More...] about Why You Should Consider Investing in Bitcoin

Accounting for Small Business – Top 5 Softwares

Individuals and businesses use accounting software to … [Read More...] about Accounting for Small Business – Top 5 Softwares

Six Ways Technology Will Redesign The Business Landscape In 2021

2020 left an everlasting mark on the lives of people … [Read More...] about Six Ways Technology Will Redesign The Business Landscape In 2021

How To Know You’re Ready For Retirement

One shouldn't work for money during their entire … [Read More...] about How To Know You’re Ready For Retirement

What Does Your Growing Business Need to Know About Financial Translation?

High-quality financial translation may be the key to … [Read More...] about What Does Your Growing Business Need to Know About Financial Translation?

A Step-by-Step Guide to Developing a Social Media Strategy

Many successful businesses enjoy the benefits of social … [Read More...] about A Step-by-Step Guide to Developing a Social Media Strategy

The Importance Of Understanding Bonds Before Investing

There's an increasing interest in investing among the … [Read More...] about The Importance Of Understanding Bonds Before Investing

How To Get A Liquor License In Los Angeles

Consumption of alcohol is one of the most preferred … [Read More...] about How To Get A Liquor License In Los Angeles

What Cryptocurrencies Are Likely to Explode in 2021?

Making a profit with cryptocurrencies means following a … [Read More...] about What Cryptocurrencies Are Likely to Explode in 2021?

How did the USA phone number list help the American Healthcare Businesses

Businesses from the States have been using tools and … [Read More...] about How did the USA phone number list help the American Healthcare Businesses

Why You Should Always Have a Lawyer Look Over Your Contracts

No matter what sector your business operates in, you … [Read More...] about Why You Should Always Have a Lawyer Look Over Your Contracts

How to Cash Out Ethereum – A Guide for Beginners

With the latest craze around technology, digital … [Read More...] about How to Cash Out Ethereum – A Guide for Beginners

What You Need to Know About DVR Trucking

Technological advantages keep on getting better. It is … [Read More...] about What You Need to Know About DVR Trucking

How to Master Personal Cash Flow Management

Do you ask yourself the same question every month – … [Read More...] about How to Master Personal Cash Flow Management

Dan Calugar Outlines 9 Macro Technology Forces for 2021

To stay ahead, business and technology leaders must … [Read More...] about Dan Calugar Outlines 9 Macro Technology Forces for 2021

Top 8 Reasons For Business Loan Rejections & Ways To Rectify It

A timely business loan is a boon for small businesses. … [Read More...] about Top 8 Reasons For Business Loan Rejections & Ways To Rectify It

4 Benefits of Investing in Technology in 2021

Nowadays technology has become so pervasive that, it … [Read More...] about 4 Benefits of Investing in Technology in 2021

Difference between Business Analyst and Project Manager

An organization can have both a business analyst and a … [Read More...] about Difference between Business Analyst and Project Manager

Most Viewed

Business Growth Business Ideas Business Needs Business Tips Career Advice Career Development Career Guide Career Options COVID-19 Credit Card credit card reviews Credit Score Debt Management Differences Employee Entrepreneurship HRM Import-Export Importance Investment Loan Provider Loans MCQs Online Marketing Organization Pakistan Partnership Past Papers Payday Loan Payday Loans PPSC Production Pros Cons Publicity Quick Money Tips Roles and Duties Startups Strategies Students Help Tips Top10 Types UK UK Banks USA

Recent Comments

  • Nisha Batel on Useful Tips to Reduce Stammering in Interview
  • Abichi Henry on Top 10 Rubber Producing Countries in World [Uses & Types]
  • alisha on PPSC MCQs: Curriculum Development
  • Dua on PPSC MCQs: Curriculum Development
  • Aiman on PPSC MCQs: Curriculum Development
  • Faria on PPSC MCQs: Curriculum Development
  • saira on PPSC MCQs: Curriculum Development
  • Mehnaz kosar on PPSC MCQs: Curriculum Development
  • alvena on PPSC MCQs: Curriculum Development
  • Sara on PPSC MCQs: The Muslim of the Subcontinent & Their Education

Footer

  • About US
  • Contact Us
  • Blog
  • Comment Policy
  • Terms & Conditions
  • Privacy Rights
  • Privacy Policy
  • Follow on Google News
  • Follow on Facebook
  • Follow on Twitter
  • Follow on Medium
  • Entrepreneur Skills
  • Business Cycle
  • Business Ideas
  • Speculator
  • Be Wealthy
  • Psychology in HRM
  • HRM in Business
  • Businessman Qualities
  • Salespeople Types
  • Health & Business
  • Business Success Rules
  • Stress At Work
Copyright © 2018 BFA - DMCA.com Protection Status .