17: Income Inequality and Poverty Last updated Jan 4, 2021 Save as PDF 16.5: Personal, Property, and Sales Taxes 17.1: Defining and Measuring Inequality, Mobility, and Poverty Page ID3546 BoundlessBoundless ( \newcommand{\kernel}{\mathrm{null}\,}\) Topic hierarchy17.1: Defining and Measuring Inequality, Mobility, and PovertyPoverty is framed from a material possessions perspective, and is defined as lacking a certain amount to fulfill basic standards of living.17.2: Policies for Reducing PovertySocial insurance are government-sponsored programs, such as Medicare, that provide benefits to people based on individual contributions to that program.