Poor vs Rich — What’s the difference?
Which one is better, you decide.
A poor person is someone who has little money, while rich people have lots of money. A rich person can afford to buy what they want, but a poor person cannot. So how do we define poverty? Well, if you are not able to pay your bills, then you are considered poor. But if you make enough money to pay your bills, but still don’t have much leftover, then you are considered rich.
So where does that leave us? We are somewhere in the middle. If we are making enough money to pay our bills, but not enough to save anything extra, then we are considered rich. And if we are saving some money, but not nearly enough to cover our expenses, then we are considered poor.
But what about the rest of the world? How do other countries define poverty? In India, for example, the government defines poverty as having less than $1 per day. That means that if you earn $5 per day, you are considered wealthy, but if you only earn $0.50 per day, then you are considered extremely poor.
In China, the government considers poverty to be having less than $500 per year. This means that if you earn around $10,000 per year, you are considered wealthy; however, if you earn just $5000 per year, then you are considered very poor.
