16 Reasons You Can’t Escape The Poverty Trap

Many Americans struggle with financial hardships, from exorbitant healthcare costs to taxes, college tuition and the cost of living. For some of them, being poor (by their standards) and stuck in the poverty trap is all they’ve known for years and something they won’t be able to escape for many more years to come. Maybe never.

Whatever “poor” means to you, there are ways to improve your financial situation and built wealth. Obviously, it won’t happen overnight. But before you put your plan of building wealth into motion, you need to identify what is keeping you from being financially stable at the moment. That being said, read on to find out 16 reasons why you can’t escape poverty and what strategies you can use to change your financial status.

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