Redefining Poverty and Well-Being

This chapter explores the complex relationships between economic models, well-being, and poverty, arguing that material wealth alone cannot define one's quality of life. It discusses various non-material factors that contribute to true satisfaction, such as job satisfaction and interpersonal relationships, while highlighting the psychological impacts of short-term versus long-term poverty. Additionally, the chapter challenges misconceptions about poverty, revealing that a significant portion of Americans will encounter financial difficulties, necessitating a broader understanding of economic insecurity.