THE CYCLE OF POVERTY

The phrase "The Cycle of Poverty" may be one you've heard. The premise that poor parents raise their children in poverty, who are then more likely to become poor parents themselves, is known as the "cycle of intergenerational poverty." It's vital to remember that children are more susceptible than adults to the harmful effects of poverty. Although there are a number of risk factors for poor households (such as single parent or single income households and low parental education), access to the labour market, high-quality childcare, and adequate employment and education for parents offer the best defence against further rising child poverty rates.

The two-generation approach, which strives to enhance the family's economic growth and conditions by helping parents both as employees and as parents, is now the most effective method for breaking the cycle of poverty in families. Giving low-income parents the chance to pursue a higher education will provide them the edge they need to compete for greater salary.

Additionally, the development of low-income parents' children will advance if they have access to resources like children's therapy and high-quality child care, research has shown that eradicating intergenerational poverty can significantly lower these risks. Overall, by assisting many generations in achieving economic progress in order to break the cycle of intergenerational poverty by assisting both generations in realising their full potential.

Children who start attending child care at a young age and whose parents have advanced degrees benefit from excellent developmental outcomes more often than children who do not.
We can benefit parents, their children, and future generations of their family and society by giving them the means and encouragement to pursue an education.