Poverty threshold is also called poverty limit. It is an income level<em> below </em>which the income becomes insufficient for a person or a family to live on.
In other words, it is the minimum amount of income deemed adequate to survive.
The poverty threshold level varies from country to country, being significantly higher in developed nations.
The World Bank updated the international poverty line in October 2015 to $1,90 a day.
About 10% of the global population lives below the poverty line today.
The panic of 1837 affected<span> the nations </span>economy<span> by entering an </span>economic<span> depression where the business and unemployment fell to a very low level.</span>
