From Due:

In 2022, 9.2% of the world’s population is affected by poverty, making it a major global issue. In the United States, 12.4% of the population lived in poverty in 2022, marking the first increase since 2010. Poverty is not solely due to personal failure; instead, it is rooted in systemic inequalities, limited opportunities and generational issues. Factors contributing to poverty include systemic inequities, limited opportunities, generational poverty, predatory financial practices, poor financial decisions, and unfortunate tragedies. To escape poverty, one must shift their mindset, embrace abundance, and understand their financial situation. This involves acknowledging limiting beliefs, embracing personal value, and taking action to improve financial literacy and start budgeting. Understanding your financial situation is crucial to making informed decisions and achieving financial goals.



Read more: Why Am I Poor? Understanding and Breaking the Cycle