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Poverty has dire consequences on the ability to fulfil one's aspirations for life. Poverty has strong implications for social cohesion and societies' abilities to function in harmonious ways. This book presents the readers with the core concepts, latest development and knowledge about policies that work to eliminate absolute poverty. This volume shows what the consequences are for the quality of life of those living in poverty. It describes life for people in poverty in general, but also deals more specifically with children, in-work poverty and the elderly, thus providing a life, generational and global perspective on poverty, including the impact on people's happiness levels. The book also discusses policies aimed at poverty reduction, such as changes to the labour market - including the risk of working poor - and shows that there is a variety of possible instruments available to reduce poverty. These range from direct provision of social security to ensuring education and a better functioning labour market. Written in an engaging and accessible style, the book provides a succinct insight into the concept of poverty, how to measure it, the situation of poverty around the globe as well as different types of possible interventions to cope with poverty. Supporting theory with examples and case studies from a variety of contexts, suggestions for further reading, and a detailed glossary, this text is an essential read for anyone approaching the study of poverty for the first time.