Inequality and Poverty.docx - Running head INEQUALITY AND POVERTY Inequality and Poverty Name Institutional Affiliations 1 INEQUALITY AND POVERTY 2

Inequality and Poverty.docx - Running head INEQUALITY AND...

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Running head: INEQUALITY AND POVERTY 1 Inequality and Poverty Name Institutional Affiliations
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INEQUALITY AND POVERTY 2 Table of Contents 1. Introduction ............................................................................................................................................. 3 1.1 Purpose .............................................................................................................................................. 4 1.2 Why Poverty Matters ......................................................................................................................... 5 2. Causes of Inequality and Poverty ............................................................................................................ 5 2.1 Work, Income and Wealth .................................................................................................................. 8 2.2 Housing ........................................................................................................................................... 10 2.3 Education ......................................................................................................................................... 11 2.4 Health .............................................................................................................................................. 12 2.5 Services ........................................................................................................................................... 13 3. Effects of Inequality and Poverty .......................................................................................................... 14 3.1 Education ......................................................................................................................................... 14 3.2 Economic instability ........................................................................................................................ 15 3.3 Poverty ............................................................................................................................................ 15 3.4 Family Issues ................................................................................................................................... 15 3.5 Health, illness, and medical care ...................................................................................................... 17 3.6 Housing and homelessness .............................................................................................................. 17 3.7 Crime and Victimization .................................................................................................................. 17 4. Countering Inequality and Poverty ........................................................................................................ 18 4.1 Overview ......................................................................................................................................... 18 4.2 Government Action to reduce poverty ............................................................................................. 19 4.2.1 Address underemployment by creating greater economic participation .................................... 20 4.2.2 Address cost of living pressures by creating economic participation ........................................ 20 4.2.3 Measuring the real cost of living ............................................................................................... 21 4.2.4 Offering adequate support to asylum seekers ............................................................................ 22 4.2.5 Increasing new start allowance ................................................................................................. 22 5. Conclusion ............................................................................................................................................. 23 6. Reference ............................................................................................................................................... 25
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INEQUALITY AND POVERTY 3 Inequality and Poverty 1. Introduction In the modern society, there are rising concerns on an unequal share of economic growth. Instead, the economic crises have led to widening of the gap between the rich and the poor. Looking at the global front, the first-millennium development goal is to reduce extreme poverty, and this shows the widespread consensus regarding the need to address poverty. There are different views regarding what poverty means and why it matters, its causes and the need to address it. Typically, poverty is present in and between countries, and the universal inequality is essential in the determination of the experiences of poverty by nations ( Milanovic, 2012). In Australia, more than three million citizens live below the poverty line. This calls upon the Australian government to take action and assist the economically poor citizens. Child poverty is on the rise and among the poverty-related issues that the government needs to address. By the year 2017, the Australian Bureau of Statistics stated that inequality in Australia had remained stable since the year 2013. This was preceded by an increase since the 1980s ( McManus, (2017). Most debates on inequality concentrate on income simply termed as economic flow. Of the millions of impoverished Australians, 730,000 are children who do not receive the necessary education, decent housing, and financial stability. According to Haughton & Khandker (2009), the World Bank defines poverty as the pronounced deprivation of well-being. From a narrow definition of well-being, the factors considered are linked to commodities especially whether households have the necessary resources that help them meet their needs. Poverty can, therefore, be viewed in monetary terms especially on the income or consumption of a household. A broader definition of well being
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INEQUALITY AND POVERTY 4 entails things like mental and physical health, social connection, close relationships, and competence and self-worth (Wellbeing & Poverty Pathways, 2013). According to Coudouel et al.
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