Poverty Cycle
What is the cycle of poverty?
The cycle of poverty has been described as a phenomenon where poor families become trapped in poverty for generation because they have no or limited access to critical resources, such as;
· Education and
· Financial services
Subsequent generations are also impoverished.
There are multiple cycles of poverty- based on, among other things,
· Economic,
· Social
· Spiritual
· Geographical factors
Many cycles overlap or perpetuate new cycles and therefore any attempt to depict the cycle of poverty will be far more simplistic than realistic.
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