Wednesday, July 09, 2014

Getting out of the 'Cycle of Poverty'

In economics, the cycle of poverty is the "set of factors or events by which poverty, once started, is likely to continue unless there is outside intervention.".The cycle of poverty is when a family remains in poverty over many successive generations. For this reason reducing child poverty has been a focus of almost all governments as a way to break this cycle. Improving the quality of education provided to the poor is seen by most as the best way to break this cycle. Improving the environment the child grows up in, ensuring access to health, providing financial incentives (either through benefit schemes or reducing taxes) and promoting family values have all been suggested as ways to break the cycle.
Boys and girls have equal rates of poverty through their childhoods but as women enter their teens and childbearing years the rates of poverty between the genders widens. Globally, women are far more impoverished than men and poor children are more likely to live in female-headed households. Attempts to combat the cycle of poverty, therefore, have often targeted mothers as a way to interrupt the negative patterns of poverty that affect the education, nutrition/health, and psychological/social outcomes for poor children.
To come out of this cycle we have to break this circular flow. We have to empower the younger generations by educating them. Because if we educate them they will be able to earn for themselves. Primary education has to be made compulsory. Schemes such as Mid-day-meal should be encouraged so that more children are enrolled and retained in schools. This is one of the things that we can do and things are being done to make it better

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