Bad luck and poor choices. But mainly poor choices.
Yes, and sometimes it's others's poor choices as well (see Detroit).
Poverty is the culmination of a series of poor choices,
by those in poverty now and their parents.
Bingo! Doing the same stupid sh!t over and over again pretty well guarantees you will end up broke.
As far as bad luck, that's what family is for - to tide you over when you get a streak of bad luck. Of course, "progressives" and their enlightened policies have seriously damaged the family as we know it.
I think America’s corporations have moved far, far too much American businesses to China.
America is sloping down, rapidly.
All of us, will be hurt, unless American businesses return.
Bring back US jobs. Build up America once again.
Poverty, like wealth, is passed down from one generation to the next. But not because of circumstances.
The actual inheritance is not of physical wealth, or lack of it, it is in the attitude of just what wealth IS, and the care and nurturing of what is, at best, a fragile and uncertain art, preservation of capital.
Simply handing an unsophisticated and relatively ignorant individual a pile of cash is a recipe for making the value of that pile of cash evaporate, providing no lasting economic value. Oh, a few people right around the unfortunate inheritor of all this supposed wealth may do very well economically, but unless they, in turn, apply this new-found wealth to serious growth, then the cash flow continues to disappear down a bottomless pit. My own father, in his pithy way, called this “p*ssing it all away”.
Poor choices, amplified by laziness and lack of self-respect.
btt