Post
Topic
Board Economics
Re: Why do people stay poor?
by
Kong Hey Pakboy
on 23/05/2023, 16:03:44 UTC
I also keep asking myself why some people stay or die poor. From my point of view, some people stay or die poor because they were born into impoverished families. These are beggars because they don't have primary jobs to provide their primary needs, and it is tough for them to make a big step to change their lives because of a lack of education. While some people stay poor because they ignore good opportunities that could lead them to success, they don't want to leave their comfort zone in exchange for their non-convenient and non-exciting lives. And then the sad part is some people keep working hard and have already tried many things to earn extra money, but they are still poor. Because of the corrupt government in their country, they didn't have the chance to save their money, and most of their income went to taxes, bills, and necessities. Lastly, Lack of financial literacy, these people do not know how to spend their money wisely, and they mostly want to spend their money on their wants instead of their necessities.