Poverty is the lack of the usual or socially acceptable quantity of money or material possessions. Poor people possess insufficient resources to subsist and participate normally in day to day activities. They may lack adequate food or shelter. The current U.S. poverty threshold for a family of 4 is an annual income of $22,350.00.
The Conflict Theory of Poverty is that outside forces prevent an individual from attaining a desired goal. Because of social status, neighborhood, upbringing, background, education, and many other factors, the individual is not afforded an equal opportunity to thrive.
There are many examples of outstanding achievers who came from vastly underprivileged beginnings. However, it is generally accepted that there are unfortunately many factors beyond his control that can prevent an individual from escaping poverty.