Earlier quoted context omitted.
Yet nearly identical risk percentage of poverty as the US: https://countryeconomy.com/countries/compare/finland/usa?sc=... Maybe the key difference is that poverty is better hidden in Finland with more available shelters?
I'm sceptical about the concept of poverty as defined by the economists. They seem to define poverty as being unable to live a consumerist lifestyle, and not being genuinely poor. In the US, the poverty threshold for a single person is about $1000 per month. However, for that amount of money, I think you can get shelter, food, clothing and live in material comfort (or at least lack of evident discomfort) - you're clo…
The public should care about relative poverty, since social mobility and social stigma hinge almost solely on that and not on absolute poverty (for which the threshold is usually set in whatever lowest possible way that pleases politicians). Children of the poorest families have almost no chances of breaking out of that life, leading to ghettos, social unrest, criminal gangs, drug abuse, etc. You just have to go to Skid Row in L.A. to see the effects of poverty in action. There is a photographer who currently documents poverty and other problems in the US on Youtube, it's a very interesting watch.[1]
[1] https://www.youtube.com/channel/UCCvcd0FYi58LwyTQP9LITpA