Passage

If the social inequality is the most acutely felt social problem in India, insecurity, more than poverty, is the most acutely felt economic problem. Besides those below the official poverty line, even those just over the poverty line are subject to multiple economic insecurities of various kinds (due to wealth and/or health risks, market fluctuations, job-related uncertainties).

Many Government policies are actually intended towards mitigating these insecurities.

With reference to the above passage, the following assumptions have been made:

I. People above the poverty line also are prone to suffer from anxiety about economic insecurity.

II. Eradication of poverty can result in peace and social equality in the country.

Which of the above assumptions is/are valid?