Person with Scarce Financial Resources

A Person with Scarce Financial Resources is a low-income individual whose basic human needs are not met according to some poverty measure.

• Context:
  • They can range from being an Absolutely Poor Person to being a Relative Poor Person.
  • They can (typically) be a member of a Poor Person Population.
  • They can (sometimes) be a member of a Poor Household.
  • They can (sometimes) be recipients of Personal Assistance (such as charity or welfare programs).
  • They can (sometimes) be a Working Poor Person.
  • ...
• Example(s):
  • an Unhoused Person.
  • …
• Counter-Example(s):
  • a Middle-Class Person.
  • a Rich Person.
  • a Poor Country.
  • a Bankrupt Person.
• See: Poverty, Cost of Living, Legal Status.

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References

• http://ourworldindata.org/data/growth-and-distribution-of-prosperity/world-poverty/

2023

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  • The definition of this category typically refers to individuals or households whose income falls below a certain threshold, as determined by a government or other relevant organization. In the United States, for example, the federal poverty line is often used as a benchmark. People or families whose income is below this threshold may be considered economically disadvantaged or financially challenged.

2014

• (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/poor_person Retrieved:2014-6-17.
  • A poor person is a legal status in many states in the United States that allows an individual to take action in certain legal matters, such as filing a lawsuit, without paying fees to the court. A person must petition the court for a Poor Person Order that allows them to avoid these fees.

2012

• (Shah et al., 2012) ⇒ Anuj K. Shah, Sendhil Mullainathan, and Eldar Shafir. (2012). “Some Consequences of Having Too Little." Science 338, no . 6107 doi:10.1126/science.1222426
  • QUOTE: Poor individuals often engage in behaviors, such as excessive borrowing, that reinforce the conditions of poverty. Some explanations for these behaviors focus on personality traits of the poor. Others emphasize environmental factors such as housing or financial access. We instead consider how certain behaviors stem simply from having less. We suggest that scarcity changes how people allocate attention: It leads them to engage more deeply in some problems while neglecting others. Across several experiments, we show that scarcity leads to attentional shifts that can help to explain behaviors such as overborrowing. We discuss how this mechanism might also explain other puzzles of poverty.

1991

• (Geremek, 1997) ⇒ Bronisław Geremek. (1991). “Poverty: a history." Oxford. ISBN:0631205292

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