“Poverty” is hard to define. If you accept the standard of “middle class” from 50 years ago, there is virtually no poverty (either in Israel, or America). Even among frum Israelis, diseases related to affluence (e.g. diabetes, caused by having too much to eat) are common. Comparing a poor Israeli to, as an example, the first Baron Rothschild (late 18th century), there is much that Rothschild would view with envy when looking at a poor kollel family (better selection of foods and especially of fruits and vegetables, low infant and maternal mortality, antibiotics and vaccines, drinkable water, indoor plumbing, air conditiong, electric lights, transportation faster and more comfortable than horseback). The truth, is that 21st century people are living as well as kings were a few centuries ago – and that’s true even those who are mesiras nefesh with their parnassah to do mitsvos. Note how “schnorrers” come to America to ask money for luxuries (as they were defined a century ago) such as large apartments, fancy weddings, etc.
The real poverty is in places like north Tel Aviv or the secular neighborhoods and temples of America, where the people are totally impoverished of mitsvos and lead meaningless lives with no hope for the future (which explains why they don’t want children – to them the future is meaningless). We in the truely affluent neighborhoods such as Bnei Brak and Boro Park should pity them, but there isn’t much we can do to help. Their poverty is self-inflicted and the only solution is in their hands but they choose not to realize it.