5 Key Reasons why the poor remains poor – Maxwell Jack. I came across the following 5 Key Reasons Why the Poor Remain Poor when researching why it is difficult for a poor individual to make money:
There are various factors that can make it difficult for low-income individuals to generate income.
Lack of education and skills:
Poor people often have limited access to education and training, which can make it difficult for them to acquire the skills needed to secure well-paying jobs.
Limited job opportunities:
Poor neighborhoods and communities often have fewer job opportunities, which can make it hard for residents to find work.
Discrimination:
Poor people may face discrimination when applying for jobs or seeking promotions, which can further limit their income-earning potential.
Lack of financial resources:
Poor people may not have access to the financial resources that can help them start a business or invest in income-generating activities.
High living costs:
Poor people may have to spend a large portion of their income on basic necessities like housing, food, and healthcare, which can leave them with little to save or invest.
Conclusion: Overall, the lack of access to education, job opportunities, and financial resources can make it difficult for poor people to improve their financial situation.
About the Writer:
Maxwell Eshiet Jack fondly called Jack is a Social Butterfly, Social Analyst, Blogger and Python Developer. He loves reading and Research. A graduate of Political Science from the Prestigious University of Abuja, Nigeria.
