The Top Reasons Why Some People Have Trouble Escaping Poverty
By Ken Jones 2017-03-04 00:00:00
There is a well-known phenomenon called the cycle of poverty. In economics, this theory encompasses a number of factors that often keep people in poverty, and this often continue from generation to generation. Sadly, millions of Canadians get caught in this cycle and are unable to get out.
With that being said, it’s important to note that there are specific reasons for ending up in poverty. It certainly doesn’t happen without reason. Understanding these reasons can help individuals get out of poverty once and for all, and in turn, this can help end the cycle.
1. Their parents were in poverty as well.
Those who had parents who had trouble escaping poverty are much more likely to end up in poverty themselves.
2. They didn’t have two parents.
Families that only have one parent often end up in poverty. This may not be because the family is broken after a divorce or because the parents never got married the first place. More likely, it can be difficult for just one parent to raise a child while working and living their own life as well, and the ramifications may end up in their children’s lives in the future.
3. They didn’t finish high school.
Finishing high school can put you on the right track for getting a decent job, and a decent job is absolutely necessary for staying out of poverty in the long term. Getting a four year degree or even a two year degree at a university or college can be helpful as well, but it is not as necessary as finishing high school, which is a requirement for almost all types of work.
4. They have an illness or poor health.
Illness and overall poor health can certainly keep you in property because it can keep you from going to school and working a consistent job. If there are ways to work around your illness or if you can find a job that does not exacerbate your poor health, this will be your best bet at avoiding debt and poverty.
5. They had children too young.
Children are a blessing to many families, but having kids too young can be difficult on your finances and well-being. Childcare is extremely expensive, and it can often negate what you’ll make at work. It’s important to wait until you’re settled yourself to have children.
If you feel that any of the above reasons apply to you and your family, there are steps that you can take to counter this cycle. Poverty does not have to be a lifelong phenomenon for you and your family, and there certainly ways to improve your circumstances by asking for help and putting forth hard work in everything that you do. More information can be found at Christian Blind Mission, providing you with additional resources and references.