Poverty is a state of lack and not having something ( money, material, property) that is needed at that present point in time. Globally speaking poverty has been a major issues with the united nations general assembly even giving out time frame to end poverty and improve the standard of living of the world population especially in third world countries where the rate of poverty is higher.
Alot of things are in the verge of causing poverty in the life of an individual but most importantly failed planning for the future and laziness it's one irresistible factor that has hindererd alot of individuals and thereby making them poor and another fator I'll drive into is unemployment, cause of kon a norms this is one major reason we find most people being poor in the society.
Yes it's sure a a big problem in the world today cause most individuals fail to accept that without the help of the government or supports from anywhere they can actually do better, like they have failed to believe in themselves and this has been one limitations.