Why are majority of people really poor?

[JoyMarsha]

You forgot to point out good management of wealth. So many people are poor today because of how they misused the properties and wealth their parents kept for them. They sold everything out of a kind of bad habit, like addiction to gambling, and drugs, they find themselves in. They made themselves poor just because they had no good financial management of the wealth their parents left for them to live on for their well-being.

[Somto9Light]

You forgot to point out good management of wealth. So many people are poor today because of how they misused the properties and wealth their parents kept for them. They sold everything out of a kind of bad habit, like addiction to gambling, and drugs, they find themselves in. They made themselves poor just because they had no good financial management of the wealth their parents left for them to live on for their well-being.

You're right, financial management also contribute to these high rate of poor people. Just like you said that so many people are poor due to the fact that they didn't manage the assets their parents Left for them, although most of them where small probably 17-18 years before their parents departed, and you know kids who are under 17or 18 might not think about something positive if not spending lavishly since they don't struggle for it. But as for those that have good uncles or aunty's they might look for something positive to do with those money their parents kept for them.

[khiholangkang]

What is certain is that in my opinion, why many people are poor is because they do not practice financial literacy, we know that in the world the society has minimal literacy, which is why many people are poor, countries with good levels of literacy will tend to have more prosperous people than countries with societies with poor literacy, this is based on my personal understanding that it really comes from the knowledge and understanding ability of the people which will influence their financial decisions.

[Donk1]

Well in my perspective I can't judge anyone on why they are poor but all I can say is this the human factor operates under what I like to call the economic spectrum. And to me under that spectrum we have the rich and the poor which if I may say for that there are both balance because in a country everyone can't be rich and everyone can't be poor. Definitely the scales aren't balanced when you see some one begging on the street but then  that's how life works...

​That said apart from the fact that most folks chose not to work, some of them just follow the system and at the end of the day they end up having no jobs. One that I always like to bring up is when an individual isn't able to have a financial plan before marriage and when he or she gets married and start giving birth to children little by little their state of living will gradually reduce. Why Because they now have responsibility to take care of, and failure to determine how many children they want with their state of living will lead to poverty because you can't afford for the entire family. Even at that at times poverty can be inherited. So yeah that's all for me...

[Cheema02]

You forgot to point out good management of wealth. So many people are poor today because of how they misused the properties and wealth their parents kept for them. They sold everything out of a kind of bad habit, like addiction to gambling, and drugs, they find themselves in. They made themselves poor just because they had no good financial management of the wealth their parents left for them to live on for their well-being.

Your point highlights the major fault of poverty and its due to poor wealth management and its the reason behinds long term financial failure of individuals. When a inherited wealth is not distributed equally than its also cause trouble and gradually its disappear when its use for gambling and uncontrolled spending s. The reason is that many individuals can't thought about financial stability and without financial education the wealthy is easily trashed due to false descions and disappear after one generation. So we should have knowledge about finance management and have planing for future security and stability and its the key point for preserving inherited wealth or own wealth.

[Xxmodded]

It is so annoying seeing people begging for survival it really breaks my heart.
I really tried to figure out why majority of people are so poor to a climax of begging for survival.
I don't know if I am to blame the government or individuals.  Anyways here are the following factors that convince me why majority of people are poor.

1. Health challenge
2. Lack of good education
3. Financial debt
4. Unemployment
5. Ghost names
6. Regional zone

HEALTH CHALLENGE: this means people with disabilities and also people with someone kind of illness that can not permit them to work.

LACK OF GOOD EDUCATION it is really abnormal and annoying to see the kind of failed system of education we have in some countries, because the systems are corrupt majority of the students follow suits, basically stopped attending lectures therefore can't defend themself or their professions, automatically making them self jobless.

FINANCIAL DEBT: their are some individuals who tried to see how they can stand and make things worked for them self, but is so unfortunate that the accumulated debt they have enquire will not allow them grow. (Debt) is a goal to poverty.

UNEMPLOYMENT the rate at which majority of people are unemployed in this country are so alarming, basically there are jobs everywhere but greedy people who has the opportunity are not making this job opportunities available for people, rather they give it to their people who are not really qualified for the job.

GHOST NAMES this might sound some how for those who have not had about ghosts names,
In the civil service commission this is where you find thousands and millions of names that are not in existence probably they are died names, denying people who are alive to work and earn a living.

With all this that have been outlined above I think I am convinced  why the rate of poverty in the country.

hmm its a difficult one to be fair, like you said there are so many factors for one to consider when asking them selves why people can find themselves in this type of situations living without money and basic needs. for me there has to be an acceptance that governments are just not doing enough to make everyday life more affordable for the average working person such as rent and food. debt is a big factor as well many people find them selves being unable to cope with paying a debt back while still supporting them selves leading to them losing everything in the end. being uneducated i dont feel plays a role in while people are poor yes education can get you a better job which bring more financial stability but there are still good paying jobs for people with out a good education. also health a lot of people with mental health or a physical health condition smiply just can not hokd down an everyday job leading them in to poverty.

[Zanab247]

You forgot to point out good management of wealth. So many people are poor today because of how they misused the properties and wealth their parents kept for them. They sold everything out of a kind of bad habit, like addiction to gambling, and drugs, they find themselves in. They made themselves poor just because they had no good financial management of the wealth their parents left for them to live on for their well-being.

Some have not experience wealth from the rest of their life, but how to get access to wealth is their major problem which they need to acquire the skills to eliminate poverty from their life. For those that misused their opportunity it will be hard for such group of people to recover from their mistakes, because before they will get such opportunity to recover from what they have missed in the past it will take them long years, because they have to make some research to achieve the best strategies to make them succeed from their investment.

And once such people realize their mistakes that brought them down, and they get another opportunity to grow up again, it will be hard for them to repeat the same mistakes again in the future, because they have learned from their past mistakes.

[Yeesha]

It is so annoying seeing people begging for survival it really breaks my heart.
I really tried to figure out why majority of people are so poor to a climax of begging for survival.
I don't know if I am to blame the government or individuals.  Anyways here are the following factors that convince me why majority of people are poor.

1. Health challenge
2. Lack of good education
3. Financial debt
4. Unemployment
5. Ghost names
6. Regional zone

HEALTH CHALLENGE: this means people with disabilities and also people with someone kind of illness that can not permit them to work.

LACK OF GOOD EDUCATION it is really abnormal and annoying to see the kind of failed system of education we have in some countries, because the systems are corrupt majority of the students follow suits, basically stopped attending lectures therefore can't defend themself or their professions, automatically making them self jobless.

FINANCIAL DEBT: their are some individuals who tried to see how they can stand and make things worked for them self, but is so unfortunate that the accumulated debt they have enquire will not allow them grow. (Debt) is a goal to poverty.

UNEMPLOYMENT the rate at which majority of people are unemployed in this country are so alarming, basically there are jobs everywhere but greedy people who has the opportunity are not making this job opportunities available for people, rather they give it to their people who are not really qualified for the job.

GHOST NAMES this might sound some how for those who have not had about ghosts names,
In the civil service commission this is where you find thousands and millions of names that are not in existence probably they are died names, denying people who are alive to work and earn a living.

With all this that have been outlined above I think I am convinced  why the rate of poverty in the country.

Majority of people on earth are poor because they are certain things that need to be put into consideration but they failed to do so. It actually difficult to choose who to blame for this. But I think the government is also at fault for failing to take the citizens to the land of promise. Poor people are not in that state because they've fail to work hard, but because they are less privilege. They are a lots of poors who are working really hard and were not able to achieve great success. Some are hard working, and talented, they have the courage and confidence to work in order to grow physically, mentally and financially, but they lack several things that it take to put their abilities into test. With or without the government they can grow if they have the opportunity. But the government has failed to utilise the resources provided, and a lot of credit has been given to their families. Room has been given to injustice to serve, and less privilege people are the ones paying the price.

To balance the economy, to reduce the risk of insecurity, to reduce the rate of the poors, and in order to promote awareness, justice must be serve. And we can only achieve justice through creation of job opportunities, production of adequate agricultural infrastructure, access to quality education, production of adequate healthcare systems/infrastructure. Poor also has the right to live a meaningful and better life. They should be given the opportunity to shine, because the way things are going now is actually killing their light, dreams, goals, courage, confidence and motivations.

[Chilwell]

You forgot to point out good management of wealth. So many people are poor today because of how they misused the properties and wealth their parents kept for them. They sold everything out of a kind of bad habit, like addiction to gambling, and drugs, they find themselves in. They made themselves poor just because they had no good financial management of the wealth their parents left for them to live on for their well-being.

You have a very good point here and I have so many to add to what you have mentioned, some of them don't use it for gambling but you know something you don't work for, you will find it easy to spend it and that is exactly what is happening to some of them. In this case actually I find it difficult to believe that if your parent is rich, that doesn't guarantee that you will also be rich because some of the people that inherit richness from parents also work hard to see that happening, what I mean here is that they also work hard and participated in the business before their parent pass on and when the property has been shared to them, they follow their parents full step and progress too.

[Sarah_Jannat42]

The system of the world is designed in such a way that the more money the more wealth the one who has, the more wealth the one who does not have, he will just struggle to survive, but in this case there is a slight exception. The system is designed in such a way that opportunities do not come equally to everyone or time itself goes against the common man. However, if a person can use their education and practical skills with risk, he can become great, but that is very rare.

[AgriTrack]

Majority of  people can't be rich for this world system of government to work, only small faction can get rich. Like in my country the minimum wage is $50 per month, and prices of things are very high, so there's no possible means of saving due to alot of expenses eating up your income. Another thing is that some people still don't have access to good education skills, and networks that open better opportunities. The governments too also play a part in this, especially they corrupt ones. They don't set good opportunities for their citizens, like creation of jobs, investing in the youth, supporting small scale business, infrastructures that helps people etc. What they care about is their selfish goals. Now you see why escaping poverty is hard, even for hardworking people.

Same also to my country, the cost of living in most countries are very high with limited opportunities for people to survive on even when they are willing to work for there daily bread. Over 70 percent of citizens in most countries live in poverty all because of the wickedness of there leaders who believe its not good to do the right things. Corruption is a very dangerous disease that is not supposed to be found in once country as it is capable of destroying everything which is why most people are poor

Many people in my country are poor because I have found out a very important but highly ignored fact. The fact is that many of us do not have proper guidelines about our careers. For example, in my country there are many doctors, but the craze for becoming a doctor is not decreasing. Due to the surplus, they do not get valuable returns. This happens because a lack of awareness about different fields leads many people towards poverty.
Similarly, many people in my country are not updated enough about career choices. A few years back, because of the popularity of engineering, everyone enrolled themselves in engineering colleges and universities. But later, because of the surplus, many youngsters became unemployed.

Hence, poverty is not the result of a lack of educational skills in my country but it is due to a lack of awareness about the country’s demand. Unfortunately, there is no satisfactory system that has been taken to provide youngsters with awareness about this important fact.

[yixichloro2xx]

Majority of  people can't be rich for this world system of government to work, only small faction can get rich. Like in my country the minimum wage is $50 per month, and prices of things are very high, so there's no possible means of saving due to alot of expenses eating up your income. Another thing is that some people still don't have access to good education skills, and networks that open better opportunities. The governments too also play a part in this, especially they corrupt ones. They don't set good opportunities for their citizens, like creation of jobs, investing in the youth, supporting small scale business, infrastructures that helps people etc. What they care about is their selfish goals. Now you see why escaping poverty is hard, even for hardworking people.

What! $50 a month? I understand how challenging that must be. Whether alone or supporting a family, that amount is difficult for regular workers in any country. It must be hard to buy enough nutritious food or meet your body's needs when your salary just covers the bills. While I know there are very poor countries, living on that kind of money seems unimaginable. I can see why many might consider working abroad, hoping for better opportunities, instead of waiting for things to improve at home.

Yep bro, that's whats killing people's dreams in my country. We have alots of medical practitioners who has fled to abroad because of lack of pay and low salary.  The situations of this country make youth not to pursue their dreams because of inadequate support. Yes we still have some youth who breaks of the poverty chain, by  building startups or other things but they are not even up to 4%. People don't choose to be poor, it's just the Governments not doing their jobs. Workers who earn this minimum wage are still owed for months, so they have to take loans from cooperatives, banks, or close ones. The poverty rate in Nigeria can be  reduced if the governments are ready to invest in their citizens.

[Transylvanian]

You forgot to point out good management of wealth. So many people are poor today because of how they misused the properties and wealth their parents kept for them. They sold everything out of a kind of bad habit, like addiction to gambling, and drugs, they find themselves in. They made themselves poor just because they had no good financial management of the wealth their parents left for them to live on for their well-being.

You're right, financial management also contribute to these high rate of poor people. Just like you said that so many people are poor due to the fact that they didn't manage the assets their parents Left for them, although most of them where small probably 17-18 years before their parents departed, and you know kids who are under 17or 18 might not think about something positive if not spending lavishly since they don't struggle for it. But as for those that have good uncles or aunty's they might look for something positive to do with those money their parents kept for them.

Honestly it is good wealth management that distinguishes temporal wealth and permanent wealth. Most individuals receive money or inheritance but squander it fast without knowing how to manage it due to their lack of focus on this aspect. When one is given something without effort he tends to make underestimation of the value. Age also plays a big role. Youths who become unaccustomed to money can be concerned with pleasure rather than conservation. This is why it is so important that guidance is provided. This can be completely altered by a caring guardian mentor or even the simple financial education. I believe that it is difficult to accumulate wealth and it takes even more discipline to keep that wealth. The traditions such as investing good money and doing nothing that destroys your life are guarding what the past generations created prior to you. Wealth is not about what you get it is all about how are you handling it. Without such an attitude even an inheritance of great value may be empty of real value in less time than it was anticipated.

[mvdheuvel1983]

What is certain is that in my opinion, why many people are poor is because they do not practice financial literacy, we know that in the world the society has minimal literacy, which is why many people are poor, countries with good levels of literacy will tend to have more prosperous people than countries with societies with poor literacy, this is based on my personal understanding that it really comes from the knowledge and understanding ability of the people which will influence their financial decisions.

In a working economy the average person living in the country without having a certificate still stands a chance to live and be financially stable if he has a job that he gets paid for or a skill that connects him and people who needs his services, everyone must not have the certificate or have the minimal literacy to be rich but having a basic still or the strength to work and get paid should be able to put good food on the table of a person that's how a working economy should be. Having financial knowledge is good but the government has to balance things and consider the people and make the economy good for everyone it's unfortunate that the people are more concerned about how they will go to school and get good grades they don't consider what the government needs to do to remove poverty because everyone needs to be taken care of because there a enough resources to do that.

[Adiljutt156]

You forgot to point out good management of wealth. So many people are poor today because of how they misused the properties and wealth their parents kept for them. They sold everything out of a kind of bad habit, like addiction to gambling, and drugs, they find themselves in. They made themselves poor just because they had no good financial management of the wealth their parents left for them to live on for their well-being.

You're right, financial management also contribute to these high rate of poor people. Just like you said that so many people are poor due to the fact that they didn't manage the assets their parents Left for them, although most of them where small probably 17-18 years before their parents departed, and you know kids who are under 17or 18 might not think about something positive if not spending lavishly since they don't struggle for it. But as for those that have good uncles or aunty's they might look for something positive to do with those money their parents kept for them.

Honestly it is good wealth management that distinguishes temporal wealth and permanent wealth. Most individuals receive money or inheritance but squander it fast without knowing how to manage it due to their lack of focus on this aspect. When one is given something without effort he tends to make underestimation of the value. Age also plays a big role. Youths who become unaccustomed to money can be concerned with pleasure rather than conservation. This is why it is so important that guidance is provided. This can be completely altered by a caring guardian mentor or even the simple financial education. I believe that it is difficult to accumulate wealth and it takes even more discipline to keep that wealth. The traditions such as investing good money and doing nothing that destroys your life are guarding what the past generations created prior to you. Wealth is not about what you get it is all about how are you handling it. Without such an attitude even an inheritance of great value may be empty of real value in less time than it was anticipated.

Most of the people in our society are poor because they deserve to be poor and if they will be rich at any time in their life,they will remain on the same place on which place they are . They are doing work for money because they want to work whole life and Money is important for them and they like to work and they are enjoying their work and that is reason their lifestyle is not changing. People should try to save more money as they can if they get good opportunity then they should invest their money in a good investment. Rich are rich because they have different attitude and if they will be poor at any stage of life they will tackle this situation and will be rich person in a short time because know that how to double their money in a short time.

[khiholangkang]

What is certain is that in my opinion, why many people are poor is because they do not practice financial literacy, we know that in the world the society has minimal literacy, which is why many people are poor, countries with good levels of literacy will tend to have more prosperous people than countries with societies with poor literacy, this is based on my personal understanding that it really comes from the knowledge and understanding ability of the people which will influence their financial decisions.

In a working economy the average person living in the country without having a certificate still stands a chance to live and be financially stable if he has a job that he gets paid for or a skill that connects him and people who needs his services, everyone must not have the certificate or have the minimal literacy to be rich but having a basic still or the strength to work and get paid should be able to put good food on the table of a person that's how a working economy should be. Having financial knowledge is good but the government has to balance things and consider the people and make the economy good for everyone it's unfortunate that the people are more concerned about how they will go to school and get good grades they don't consider what the government needs to do to remove poverty because everyone needs to be taken care of because there a enough resources to do that.

Your understanding must be such that people with low literacy levels will not demand anything from the government because they lack knowledge. They will simply follow what has been set for them, so the government will also not see problems in economic policy. Meanwhile, people with high literacy levels will sue the government if there is a gap in the community's economy. They will fight for their rights as citizens to suppress the government's lack of understanding of the economic situation. You can see that governments with communities lacking good literacy in economics, politics, and so on are easier to control, and the government can act arbitrarily. Meanwhile, people with a critical mindset tend to oppose unreasonable governments. Every policy they make will be reviewed for whether it is good or bad. And in unstable economic situations, those with high literacy levels are always more innovative and creative in economic matters.

Don't underestimate this point, literacy is not related to certificates, but rather to an interest in reading to increase knowledge.

[Berry2d]

Majority of  people can't be rich for this world system of government to work, only small faction can get rich. Like in my country the minimum wage is $50 per month, and prices of things are very high, so there's no possible means of saving due to alot of expenses eating up your income. Another thing is that some people still don't have access to good education skills, and networks that open better opportunities. The governments too also play a part in this, especially they corrupt ones. They don't set good opportunities for their citizens, like creation of jobs, investing in the youth, supporting small scale business, infrastructures that helps people etc. What they care about is their selfish goals. Now you see why escaping poverty is hard, even for hardworking people.

Same also to my country, the cost of living in most countries are very high with limited opportunities for people to survive on even when they are willing to work for there daily bread. Over 70 percent of citizens in most countries live in poverty all because of the wickedness of there leaders who believe its not good to do the right things. Corruption is a very dangerous disease that is not supposed to be found in once country as it is capable of destroying everything which is why most people are poor

Many people in my country are poor because I have found out a very important but highly ignored fact. The fact is that many of us do not have proper guidelines about our careers. For example, in my country there are many doctors, but the craze for becoming a doctor is not decreasing. Due to the surplus, they do not get valuable returns. This happens because a lack of awareness about different fields leads many people towards poverty.
Similarly, many people in my country are not updated enough about career choices. A few years back, because of the popularity of engineering, everyone enrolled themselves in engineering colleges and universities. But later, because of the surplus, many youngsters became unemployed.

Hence, poverty is not the result of a lack of educational skills in my country but it is due to a lack of awareness about the country’s demand. Unfortunately, there is no satisfactory system that has been taken to provide youngsters with awareness about this important fact.

I don't think  lack of guidance is the reason for high rate of poverty in the country, as most with good and proper guidelines still ends up getting poor.  Some may be well guided in all aspects but never get over poverty because most countries lack the facilities to engage citizens with great talents and potentials but finds it difficult getting them engaged because of bad government and high rate of
corruption. Know matter how guided we are if the facilities to get them engaged and determination to get to the top is not there, there won't be success.

[Silverstonez]

Some persons are poor because of  laziness, some persons are too lazy to hustle and sometimes when we trace the source of some persons laziness we are going to discover that their parents are the course of their laziness. Because Some parents didn't give their children proper up bring. Although some parents tried their best to bring up their children in way they should go, but those children refuse to take the way of their parents.

Secondly circumstance is another reason why some persons are very poor. Because some persons are naturally Born into poverty. This set of persons who fall into this category find it very difficult to make it in life.

Someone are poor because of poor financial knowledge. Normally there are People who don't know how to save, how to invest and how to avoid bad dept. So, those who fall into this category always end up becoming poor in life.

[Nanga Parbat]

You forgot to point out good management of wealth. So many people are poor today because of how they misused the properties and wealth their parents kept for them. They sold everything out of a kind of bad habit, like addiction to gambling, and drugs, they find themselves in. They made themselves poor just because they had no good financial management of the wealth their parents left for them to live on for their well-being.

Most people are poor because they are not given equal opportunities to succeed. Opportunities are only available to rich people because they belong to rich families and can easily deal with financial losses due to which they do not feel poverty.Most people are also poor because instead of having skills and knowledge they do easy and low paid jobs without taking risks due to which their financial affairs are not resolved.You are also right if you do not work hard yourself you will be attracted to bad things and will not be able to progress further.Some people are also poor because they try to get everything without working hard.

[MissNonFall9]

Some persons are poor because of  laziness, some persons are too lazy to hustle and sometimes when we trace the source of some persons laziness we are going to discover that their parents are the course of their laziness. Because Some parents didn't give their children proper up bring. Although some parents tried their best to bring up their children in way they should go, but those children refuse to take the way of their parents.

Secondly circumstance is another reason why some persons are very poor. Because some persons are naturally Born into poverty. This set of persons who fall into this category find it very difficult to make it in life.

Someone are poor because of poor financial knowledge. Normally there are People who don't know how to save, how to invest and how to avoid bad dept. So, those who fall into this category always end up becoming poor in life.

You have presented the words very beautifully and logically. People actually live in poverty due to various circumstances. People in one place can live in poverty for many reasons. I would like to add something to your words and that is the problem of the education system. For example, in some places even if they have a good degree, there are no suitable job and income opportunities. On the other hand even if they do have work, their income is very low. In some places, people get thousands of opportunities for work, while in others, people are just struggling to survive. These are often due to problems in the system of the country and society, I mean nepotism or abuse of power i.e. corruption, which keeps most people in poverty.