There are many factors why a person may end up in poverty. There are causes that have remained the same, such as paying for basic necessities such as food, shelter, and medical care. As of recent, a new factor has disabled the poverty ridden even further. The American Recession of 2008 weakened the United States economy, and because of this, many Americans lost their jobs. Wages remained the same, while the cost of living went up. Many hoping to sell their homes were crushed when the housing market crashed, reducing the value of their property. Mortgages and rents increased, many Americans could not keep up on these crumbling bills with their stagnant wages, some were pushed to the extreme, homelessness (“Helping the Homeless” 1). The United States Census Bureau determines poverty as one adult and a single related child living in a household with a $15,030 or less annual income. Extreme poverty is depicted as those whose income is 50% less than that of the poverty rate (“Poverty facts and figures” 1). This income is not entirely at the disposal of the individual. This income must first go through taxes, and must then be split to accommodate other aspects of the person's life-such as debts and expenses that they may have accumulated. After all these needs are met, there is not much left, assuming that this person has a steady paying job. To make ends meet, the individual may seek assistance from the government in the form of money, food, or
There are many factors why a person may end up in poverty. There are causes that have remained the same, such as paying for basic necessities such as food, shelter, and medical care. As of recent, a new factor has disabled the poverty ridden even further. The American Recession of 2008 weakened the United States economy, and because of this, many Americans lost their jobs. Wages remained the same, while the cost of living went up. Many hoping to sell their homes were crushed when the housing market crashed, reducing the value of their property. Mortgages and rents increased, many Americans could not keep up on these crumbling bills with their stagnant wages, some were pushed to the extreme, homelessness (“Helping the Homeless” 1). The United States Census Bureau determines poverty as one adult and a single related child living in a household with a $15,030 or less annual income. Extreme poverty is depicted as those whose income is 50% less than that of the poverty rate (“Poverty facts and figures” 1). This income is not entirely at the disposal of the individual. This income must first go through taxes, and must then be split to accommodate other aspects of the person's life-such as debts and expenses that they may have accumulated. After all these needs are met, there is not much left, assuming that this person has a steady paying job. To make ends meet, the individual may seek assistance from the government in the form of money, food, or