Answer: TRUE
Step-by-step explanation:
Poverty is the condition of living in which an individual or a family do not possess the enough money to get their basic needs like food, shelter, clothes and education. Due to some rituals that are required to be followed by the human society the human beings spend their basic savings to celebrate the feasts like marriage, birthday, anniversary and festivals. In such functions a huge part of savings get spent and as a result people experience poverty and become less efficient to meet the daily needs.