A family with little money lives in a neighborhood in which others have even less financial means. As a result, the family does not feel as bad as they would if they lived in a wealthier area. This is an example of .

Relative poverty

Explanation:

Relative poverty is the fenomenon that happens when an individual lacks the minimum income to meet the average standard of living in the area in which he lives, in other words the family in the example experiences relative poverty compared to other individuals in their area because they can reach the average income needed.

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Relative poverty

Explanation:

Relative poverty is the condition in which people lack the minimum amount of income needed in order to maintain the average standard of living dictated by the society in which they live. Relative poverty is defined as relative to the members of a society and, therefore, differs across countries. People are said to be impoverished if they cannot keep up with the standard of living as determined and defined by society.

The family living in an area were others have less financial means according to the society is relative poverty as they believe the standard of living should be higher than that