Originally posted by Artol
The relative poverty of a group is just something you can more or less measure by comparing how much (disposable) income and how much wealth one group holds compared to another group or the average.
That second part you mention iss the measure of income inequality.
The first measure you talk about, you're thinking of and wanting to highlight the HDI: human development index. It's a measure of Life (long life and healthy life), knowledge, and standard of living).
http://hdr.undp.org/en/content/human-development-index-hdi
Another measure is Socio-Economic Status or SES.
The last measure I've seen is the percent of the population living in abject poverty. A great example would the the Philippines. Some areas, very prosperous and every bit as incredible as any modern nation. But in some areas, they've barely changed from the 1700s, literally living in grass huts. They have over 30% of their nation living in abject poverty. It's also why middle class and wealthy Chinese capture children and sell them into sex-slavery or slave-marriages.
Originally posted by Artol
A group as a whole being impoverished doesn't necessarily mean they have no money at all though, on the one hand there's still differences in spending money within a group, and there are middle class and upper class black people. But even among the impoverished people still spend money on non essentials or luxuries. And for marketers that can be a good demographic to target.Whether that is socially good is debatable, if you look at the rate of debt through things like payday loans and layaways and other forms of predatory financing that impoverished Americans are targeted with to keep up with some advertised standard of living it makes sense to see that very critical, I think.
I think in these 2 paragraphs you're working your way towards Socio-Economic Mobility which is also a measure of "goodness" of a country's economy for the poor. Good SEM implies the system is not rigged against the poor and they can move up income quintiles more easily. I know you'll be shocked by this...but...the US is no where near #1 when it comes to SEM.