Wednesday, March 2, 2011

Poverty Cycle

What is the Cycle of Poverty?


The cycle of poverty has been described as a phenomenon where your families become trapped in poverty for generations. Because they have no or limited access to critical resources, such as;
-          Education
-          Financial services
Subsequent generations are also improvised
There are multiple cycles of poverty- based on, among other things,
-          Economic
-          Social
-          Spiritual
-          Geographical factors
Many cycles overflag or perpetuate new cycles and therefore any attempt to depict the cycle of poverty will be far more simplistic than realistic.
The figure below shows- in very simplistic terms- how a cycle of poverty related to hunger keeps a person or household poor in one of the world’s developing countries.

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