Poverty can lead to intergenerational disadvantage from "summary" of The Economics of Poverty and Discrimination by Bradley R. Schiller
One of the key insights in understanding the persistence of poverty is the idea that poverty can create a cycle of intergenerational disadvantage. This means that children born into poverty are more likely to remain in poverty as they grow older, thus perpetuating the cycle. This occurs for a variety of reasons, including limited access to quality education, healthcare, and other resources that are essential for upward social mobility. Children growing up in poverty often face a multitude of challenges that can hinder their development and future prospects. For example, they may attend underfunded schools with fewer resources, resulting in lower academic achievement. Without a solid educational foundation, these children are less likely to pursue higher education or secure well-paying jobs in the future. This lack of economic opportunity can then lead to continued poverty in the next generati...
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