"This study examines poverty through the lens of a set of approaches mostly used by economists that identifies poverty in terms of a monetary indicator and which derives an ‘objective' poverty line. All indicators of poverty, regardless of whether they are based on material deprivation or human capital, or whether they are multidimensional or unidimensional, try to gauge the welfare of the individual. The most popular method is financial poverty, which takes into account control over marketable products and services. Indicators that are simple to grasp allow for comparisons across time and geographies and are connected to a household's current situation. This analysis for Albania is based on INSTAT data using surveys such as the Household Budget Survey and Statistics on Income and Living Conditions (EU-SILC). The latter provides two types of data: a. cross-sectional data pertaining to a given time or a certain time period with variables on income, poverty, social exclusion and other living conditions; and b. longitudinal data pertaining to individual-level changes over time, observed periodically over a four-year period. "

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