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Causes of Poverty 247WallSt.com-247WS-495549-slum-alabama - Coggle Diagram
Causes of Poverty
Marketplace factors
Poverty level - family of four at $25,700
Low wages/Income - minimum wage jobs, seniors at fixed income, unemployment
Homelessness - affects 550,000 and 1.4 billion spend some time at shelter
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Deep poverty - 5.3% of the population (17.3 million people) live with incomes below 50% of their poverty thresholds
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Ethnicity/Gender
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Uncontrollable factors that can lead to poverty - being a woman, African American, Hispanic, a child, or a disabled
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Health Factors
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Landmark study by Raj Chetty - life increase for the top 5% percent of the income distribution; no gains for bottom 5%
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Diseases - higher rates of heart disease, diabetes, stroke, and other chronic conditions
Poor Education
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Disadvantages before birth - drug use, poor nutrition, violence, stress
Higher education = higher income; High school graduate earns $8,000 more than high school dropout
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Pattern repeats - unstable and stressful early childhood environment leads to poor academic readiness
Age and Family Structure
Rural areas - 16.7 % of rural population is poor, compared with 13% the urban population
Disabled person - Higher risk of becoming poor,
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