Let’s face it: poverty is very persistent. For instance, Britain and the US are two of the wealthiest countries in the world. Still, at this very moment 23% of the population of Britain and a similar proportion of the population of California live in relative poverty.
No, I don’t wish to get into the ins and outs of the measures of poverty or arguments that poverty is relative: of course it is. I don’t wish to discuss the possibilities for people who live below the poverty line to have satisfactory lives. What I’d like you to note is that a considerable proportion of the population in two wealthy countries still live in poverty.
Governments talk about ‘war on poverty’ but so far policies have failed. Bloggers, and others in the personal finance industry, make a living by teaching people, well or not so well, how to be rich. People dream about leaving poverty behind and becoming rich.
Still poverty persists.…