Some Major Economic Problems In The United States

Some major economic problems currently facing the United States are poverty, welfare, and equal pay.

The word poverty is defined by the Office of Management and Budget, the definition is a person with an income less than suitable to buy the basic necessities to live like food and a place to sleep. Poverty is not the same in every state and there is not just one meaning or one type of poverty, there are actually 6 types of poverty: rural, general, urban, relative, situational, and absolute. The more common ones are situational, generational, and relative. The situational poverty is probably the most common of the three because it is generally caused by a sudden crisis/loss and most often temporary. This happens because of a natural disaster,