Examlex
Lower Three Quintiles
The bottom 60% of the population when divided by income or wealth, often used in analyses of income distribution.
Income
The monetary payment received by an individual or household for labor, investment, or other sources over a specific period.
Poverty Rate
The proportion of a population living below the poverty line, indicating the percentage of people who cannot afford basic needs like food, shelter, and healthcare.
Upper Two Quintiles
The section of a population that falls into the top 40% in terms of income or wealth distribution, often used in socio-economic analyses.
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