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.
Social insurance are government-sponsored programs, such as Medicare, that provide benefits to people based on individual contributions to that program.
Public assistance is the provision of a minimal level of social support for all citizens.