More people are poorer than they think: Here’s why
Poverty is decreasing, and while even some South Africans living below the poverty line don’t consider themselves poor, those powering the economic machine are feeling the strain.
A recent report on subjective poverty showed that roughly one in four households considered themselves poor, despite almost 40% of households falling below the lower poverty line.“Subjective poverty refers to individuals’ or households’ own perceptions of what constitutes a socially acceptable standard of living and, based on these perceptions, whether they consider themselves to be poor.
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