The cycle of poverty refers to the phenomenon where individuals or families remain trapped in poverty across generations. It is characterized by limited access to education, healthcare, employment opportunities, and basic necessities.
Related terms
Social Mobility: The ability for individuals or families to move up or down the socioeconomic ladder within a society.
Poverty Alleviation: Efforts aimed at reducing poverty through various means such as income redistribution programs, job creation initiatives, etc.
Human Capital: The skills, knowledge, health conditions, and other attributes that contribute to an individual's productivity and potential for economic success.