Causes of poverty
The causes of poverty are:
1. High rate of population growth.
2. Low rate of economic development.
3. Increase in unemployment particularly in rural area.
4. Concentration of power in hands of upper class of the society.
5. High rate of illiteracy, especially in rural area.
6. The rise in prices of essential commodities.
7. Inequalities of income and wealth, is making rich richer and poor poorer.
The causes of poverty include changing trends in a country’s economy, lack of education, high divorce rate which causes feminization of poverty, having a culture of poverty, overpopulation, epidemic diseases such as AIDS and malaria,and environmental problems such as lack of rainfall.
The United States reduced poverty in the elderly with the creation of the social security program Almost 50 percent of people in the world today live on less than $2.50 per day.
The poverty rate among seniors in the United States is at 9 percent as of 2010. In 1960 the official poverty rate among the elderly was 35 percent. The Netherlands offers a universal pension and leads the world with a 1.7 percent poverty rate among the elderly. Extreme poverty may affect the lifespan and the lack of money via some type of pension system increases the poverty rate among the elderly worldwide.
Extreme weather may be a cause of poverty in many countries. Drought, rainfall and flooding are some of the biggest causes of poverty by weather. When natural disasters do not gain media attention raising money becomes more difficult. This is made worse when governments spend money in the capitals instead of the poorest areas which need it most.