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Poverty is a state of deprivation, lacking the usual or socially acceptable amount of money or material possessions. The most common measure of poverty in the U.S. is the poverty threshold set by the U.S. government. This measure recognizes poverty as a lack of those goods and services commonly taken for granted by members of mainstream society. The official threshold is adjusted for inflation using the consumer price index.
In the United States, the definition is an idea of absolute poverty. What that means is we're looking at how much money you need to support a particular standard of living, to buy a certain amount of calories, a certain amount of vitamins, to buy a certain standard of housing.omewhat controversially, that is based on a basket of goods that was worked out by a researcher called Mollie Orshansky over 50 years ago, and while the prices have been tweaked, what's in that basket of goods hasn't been tweaked at all.