Defining and Measuring Inequality, Mobility, and Poverty

Poverty is framed from a material possessions perspective, and is defined as lacking a certain amount to fulfill basic standards of living.

Income inequality uses the dispersion of capital to identify how economic inequality is defined among individuals in a given economy.

Economic mobility is a measurement of how capable a participant in a system can improve (or reduce) their economic status.

Due to the high complexity of measuring equality, the accuracy of many poverty and inequality measurements can be less than ideal.