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  2. Cycle of poverty - Wikipedia

    en.wikipedia.org/wiki/Cycle_of_poverty

    Families trapped in the cycle of poverty have few to no resources. There are many self-reinforcing disadvantages that make it virtually impossible for individuals to break the cycle. [4] Lack of financial capital, education, and social connections all play a role in keeping the impoverished within the cycle of poverty. Those who are born into ...

  3. Theories of poverty - Wikipedia

    en.wikipedia.org/wiki/Theories_of_poverty

    Through this a sort of cycle is born in which the "dimensions of poverty are not merely additive, but are interacting and reinforcing in nature." [ 23 ] According to Arjun Appadurai (2004) , the key to the environment of poverty, which causes the poor to enter into this cycle, is the poor's lack of capacities.

  4. Vicious circle - Wikipedia

    en.wikipedia.org/wiki/Vicious_circle

    Causal loop diagram – Causal diagram that aids in visualizing how different variables in a system are interrelated; Chain reaction – Self-amplifying chain of events; Cycle of poverty – Vicious cycle that reinforces poverty; Cycle of violence – Violent behavior learned as a child, and then repeated as an adult

  5. Causes of poverty - Wikipedia

    en.wikipedia.org/wiki/Causes_of_poverty

    The causes of poverty in Russia are complex: a shrinking economy, inflation, falling oil prices and in a rise in "consumer prices". High transportation costs, including the cost of logistics, and the perception of inequality have hindered growth in investments, which, in turn, has generated a cycle of poverty. [53] [54]

  6. It takes nearly 20 years of almost perfect luck to escape ...

    www.aol.com/takes-nearly-20-years-almost...

    Nearly 38 million Americans live in poverty today, 60 years after the signing of the Economic Opportunity Act of 1964. The foundational law, signed by LBJ on Aug. 20, 1964, established the War on ...

  7. Culture of poverty - Wikipedia

    en.wikipedia.org/wiki/Culture_of_poverty

    The culture of poverty emerges as a key concept in Michael Harrington's discussion of American poverty in The Other America. [9] For Harrington, the culture of poverty is a structural concept defined by social institutions of exclusion that create and perpetuate the cycle of poverty in America. [9] Chicago ghetto on the South Side, May 1974

  8. Welfare trap - Wikipedia

    en.wikipedia.org/wiki/Welfare_trap

    The poverty trap is the position when means-tested benefit payments are reduced as income rises, combined with income tax and other deductions, with the effect of discouraging work with a higher income, longer hours or acquiring skills. In some cases, if a recipient's wage income rises too much, they may lose some or all of their social assistance.

  9. I’m a Financial Expert: 8 Money Resolutions That Can Break ...

    www.aol.com/finance/m-financial-expert-8-money...

    The gravitational pull of poverty is so strong that being poor is often a generational affair. But if you're trapped in a low-income lifestyle, 2024 could be the year you break the chains. As the...