As a domain expert in social economics, I can provide a comprehensive understanding of what it means to be living in poverty. It's a multifaceted issue that goes beyond mere economic indicators and touches on various aspects of human life and dignity.
Living in poverty is a state of being where individuals or families lack the financial resources and social safety nets to meet their basic needs. It's characterized by a lack of access to adequate food, clean water, shelter, healthcare, and education. The struggle to survive often consumes the majority of an individual's time and energy, leaving little room for personal growth, development, or the pursuit of happiness.
The World Bank's definition of extreme poverty, as earning less than $1.90 a day, is a benchmark that helps to identify those who are most vulnerable. However, poverty is not just about income. It's a complex web of interrelated factors that include social exclusion, discrimination, and a lack of opportunities for social and economic mobility.
Poverty can lead to a cycle that is difficult to break. Children growing up in poverty often lack proper nutrition and education, which can hinder their cognitive development and limit their future prospects. This can perpetuate a cycle where the next generation remains trapped in poverty, unable to escape the conditions of their birth.
The impact of poverty extends beyond the individual to society as a whole. It can lead to increased crime rates, social unrest, and a strain on public services. It also has a significant impact on the economy, as those living in poverty are less able to contribute to economic growth through consumption and employment.
Addressing poverty requires a multifaceted approach that addresses its root causes. This includes improving access to education, creating economic opportunities, and ensuring social protection for the most vulnerable. It also involves addressing systemic issues such as discrimination and social exclusion that can trap individuals and communities in poverty.
It's important to recognize that poverty is not just a developing world issue. Even in the wealthiest countries, there are individuals and families who struggle to make ends meet. The statistics provided are a stark reminder of the scale of the problem: 600 million children living in extreme poverty and over 3 billion people living on less than $2.50 a day.
In conclusion, living in poverty is a complex and challenging experience that affects every aspect of an individual's life. It's a state of deprivation that goes beyond a lack of money to include a lack of opportunities, social connections, and the ability to participate fully in society. Addressing poverty requires a concerted effort from individuals, communities, and governments to create a more equitable and just world.

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The most widely held and understood definition of extreme poverty, established by the World Bank, defines poverty in strictly economic terms -- earning less than $1.90 a day. Worldwide 600 million children live in extreme poverty. Almost half the world -- over 3 billion people -- live on less than $2.50 a day.May 26, 2015read more >>