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17 Cards in this Set
- Front
- Back
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Income
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The amount of money a person earns or recieves from other sources in a given year.
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Wealth
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A person's total economic assets.
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Poverty
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1. Having insufficient resources to provide a minimum standard of living.
2. Being sufficiently worse off financially than the average person in one's society. |
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Absolute approach
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Defining poverty by dividing the poor from the non poor on the basis of an objective standard.
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Relative approach
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Dividing the poor from the nonpoor on the basis of wealth and income of the average person.
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Extreme poverty
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The poorest of the poor. Often defined as those whose income is less than half the poverty level.
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Underclass
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Those in the lower part of the poverty class who are excluded from the economic and cultural mainstream of society.
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Ideology of individualism
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The belief that each individual is personally respobsible for his or her own economic success or failure.
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Aid to Familes with Dependent Children
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A welfare program providing financial aid to poor mothers.
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Social Security
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A government administered program providing pensions for older Americans.
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Supplemental Security Income
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A government program that provides financial assistance to poor people who are blind, disabled, or elderly.
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Food Stamp Program
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A welfare program that gives people coupons to exchange for food.
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Family Allowance
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A welfare program that provides a small government allowance for every family with children.
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Culture of poverty
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A theory that holds there is a self-perpetuating subculture among some (but not all) poor people that helps trap them in poverty.
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Situationalists
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Those who believe that the lifestyle of the poor is the product of their social situation rather than of a culture of poverty.
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Job Retraining
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A program that teaches workders new skills.
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Noncatagorical program
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A welfare program with no restrictions on eligibility.
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