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5 Key Reasons why the poor remains poor – Maxwell Jackky

While trying to find out Why it is hard to make money as poor man, i discovered this 5 Key Reasons why the poor remains poor:

There are several reasons why it can be challenging for poor people to make money

Lack of education and skills:

Poor people often have limited access to education and training, which can make it difficult for them to acquire the skills needed to secure well-paying jobs.

Limited job opportunities:

Poor neighborhoods and communities often have fewer job opportunities, which can make it hard for residents to find work.

Discrimination:

Poor people may face discrimination when applying for jobs or seeking promotions, which can further limit their income-earning potential.

Lack of financial resources:

Poor people may not have access to the financial resources that can help them start a business or invest in income-generating activities.

High living costs:

Poor people may have to spend a large portion of their income on basic necessities like housing, food, and healthcare, which can leave them with little to save or invest.

Conclusion: Overall, the lack of access to education, job opportunities, and financial resources can make it difficult for poor people to improve their financial situation.

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