Economic poverty is the condition where people cannot adequately meet their basic needs of food, clothing, and shelter. Housing is a basic human right in developed societies. Accessibility to good quality housing is, therefore, one of the fundamental features of a developed society. Housing inequality is the difference in the quality of housing among different social and economic classes of a society.
Economic Poverty Signs
Housing inequality has increased as property prices continue to outpace income growth. It is a crucial indicator of poverty and inequality. When one does not have proper housing, they cannot adequately take care of their health or attain a decent level of education; as a result, this hinders their economic and social mobility