as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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summarize the issue of poverty in three sentences.
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poverty is a major problem worldwide and is defined as an economic condition in which an individual or family is unable to meet basic needs due to lack of income. this affects people's access to resources and their overall quality of life. a major cause of poverty is income inequality, which is when the wealthy are able to make more money while the poor cannot make enough.
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