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Poverty Coursework Essay

578 Words3 Pages

Poverty is the lack of a certain amount of material possessions or money. In 2011 the poverty guidelines were 22,811, six years later; it has increased by 10% to 25100.00. This increase is not a significant amount when we take into consideration the rise in the cost of living. The average family is forced to make challenging decisions on what necessities will be paid monthly. Feeling frustrated, hopeless, and defeated are just a few emotions that come to mind after this experiment. After this study I realized that countless families are living pay check to pay check. Trying to balance what they need compared to what they have. Feeding a family of four daily is less than $20.00 compared to eating out which could total more than $50.00. Besides taking care of the necessities, some type of entertainment would be needed, or the entire family will suffer. Consequently, noticing other families going to the movies and having vacations then they start to feel depressed about their own self-worth. At the end of each month not having enough to begin to put their lives in order in case of any emergency, could leave anyone feeling frustrated, with a sense of hopelessness. Moreover, a two-person income is needed or they will continue to feel the frustration of not meeting their monthly obligations. …show more content…

This shortage will depend on what life throws their way. Having a limited amount of money coming in, being debt free, with school age kids can still leave a shortage in the budget. Without additional education, then their financial opportunities are limited. The basic needs of a family will be unattainable at some point. Even with careful planning, it remains overwhelming. Which is more important buying or renting a home, buying gives one a sense of ownership. On the other hand, renting eliminates the overhead maintenance that comes with home

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