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Being Born Poor is like a Disease
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- inequality poor wealth gap
Being poor without a social safety net certainly is
I've seen so many black families, with a failing near death breadwinner scoff at life insurance. Its sad as fck. Many Old folks still have that superstitious value system from the 60s and prior that believed that buying life insurance will bring an early death or even incentivize family to off you early.
Even worse than this is the "I've got mine, so get yours" value system where a grown adult will look at their offspring and knowingly ruin their financial future. This mindset stops life insurance, college saving plans, wills, etc from forming for people who can clearly afford to do so.
I agree that literacy and knowledge in general are key to breaking the poverty cycle.
ThisI've seen so many black families, with a failing near death breadwinner scoff at life insurance. Its sad as fck. Many Old folks still have that superstitious value system from the 60s and prior that believed that buying life insurance will bring an early death or even incentivize family to off you early.
Even worse than this is the "I've got mine, so get yours" value system where a grown adult will look at their offspring and knowingly ruin their financial future. This mindset stops life insurance, college saving plans, wills, etc from forming for people who can clearly afford to do so.
I agree that literacy and knowledge in general are key to breaking the poverty cycle.
You make good points.
But the middle class is shrinking and the trade-off is the top 20% increasing. So $50-$60k doesn't have the spending power that it had in the past.
mbewane
Knicks: 93 til infinity
I see it as a knowledge gap. Poverty is a weird state of "not knowing what you you need to know to get out of being poor", if that makes any sense to yall. It's a bunch of unknown, unknowns.
It really is "the trap". It takes some freakish trauma to get out of it. Often times your values are so fcked up by where and how you're born that someone can literally tell you how to get out but it simply doesn't register.
What do I mean? Most folks even in the hood, are warned about credit, 401k(s), stocks, stem, high paying manual labor, birth control, avoiding student loans, etc at least once in life. But because none of these things register in a poor persons mind, they will often fight against a person telling them it, and will actively do the opposite thing.
Obviously, life circumstances can put you in poverty, but it is entirely on yourself to get out. When traveling abroad I've even seen this dynamic play out in 3rd world countries where the easily available manual labor gigs are ignored and made fun of because of values. I've seen poor black folk in literal slums talking bout "I'm too good for manual labor".
You see the same thing in the US with the utter contempt for trades like plumbing, electricians, and carpentry. And it's all based on values. Nikkas literally don't know that these gigs are something they should know/value.
All facts.
Absolutely. The adverse health effects of poverty are very real. And poverty goes way beyond "only" not having enough money in the household. What are the infrastructures in the neighbourhood? Are there enough buses to go to other parts of town? What activities can the kids do in the neighbourhood? Is their a park? Fresh air? What's the impact on mental health? Etc.
Utter fukking ridiculous, some of you cats lack the ability to see beyond you nose real talk.
You are born poor it takes an extra ordinary special person to climb out of the hole, it takes not 1 not 2 not 3 not 4
5 generations in America to pull the family and yourself out of the hole.
Came in to bring this up, that it literally takes multiple generations to get out of poverty. People really believe the whole "bootstraps" myth lmao.
The irony is black people on one side fully knowing that white people have become wealthy thanks to generations of enslaving/exploiting black people, yet for some incredibly believing that "hard work" can get them to the same point in a couple decades. That's how strong the ideology is, to the point its main victims defend it.
Its all about mindset. I didn't know how poor we was growing up because none of my people really put out that energy. I've seen my Ma bring us from living with my grandma, to the projects, to a middle class lifestyle. My grandma moved down to GA with nothing so think about that. It just take a plan.
JoseLuisGotcha
Aka Allhiphopsux
it really is unless you have people to put you on game and even then your family becomes a crutches if they are not willing to change their mentality
I’ll never understate the importance of a good mentor on the same token you have to put yourself on
all the information is free and readily available for everyone and anyone ...we just gotta dedicate time to do our own research
like for my business i didn’t know much but i spent 1-2+ hours a day to watch YouTube videos and research now I’m debt free with my own business (aside from student loans and a mortgage)
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MaxBundles
Veteran
This has to be the dumbest post of the day
Field Marshall Bradley
Veteran
Income vs mouths to feed....
