Committee on Socioeconomic Status (CSES) marks UN World Poverty Day on Oct. 17, 2012

This observance promotes consciousness of the need to eradicate poverty across the globe

The Office on Socioeconomic Status and the Public Interest Directorate join the United Nations and many organizations across the world in observing the International Day for the Eradication of Poverty, also known as World Poverty Day.

World Poverty Day has been observed on the 17th of October since its inception in 1993. The observance promotes consciousness of the need to eradicate poverty across the world.

In an effort to define poverty in finite terms, the U.S. government developed a threshold or benchmark — that is, the threshold at which families or individuals lack the life-sustaining resources to meet the basic needs of healthy living. Official poverty levels are formulated through a government calculation, which includes income before tax deductions.

The U.S. Census Bureau issues poverty thresholds based on inflation and consumer price index.

The effects of poverty are broad and often interrelated so that one problem rarely occurs alone. Families and individuals living in poverty have a diminished capacity to provide adequate health, housing, mental health and nutritional needs.