Poverty and Financial Literacy
There are many definitions of poverty. The World Bank, for example, defines poverty as living on less than $1.25 per day. But in reality, poverty is a whole syndrome of interacting factors and only one of them is low income. Others may include homelessness, poor nutrition, an absence of social connections, inadequate clothing, limited or no access to healthcare, and more. Each interacts with the others to increase the likelihood that an individual will be unable to escape poverty without help in all those areas. At CVI we approach the problem of poverty from all directions.