A Scarcity Mindset Feasts on Generational Poverty

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As with assets and wealth, scarcity and poverty are also passed down through families. “Generational poverty” is a family’s learning of beliefs and behaviors rooted in poverty after only two generations. At the same time, the idea of being poor is unattractive to anyone, especially to a child. However, without a feeling of hope, you believe you’re doomed if you’ve never seen your life trajectory change. It is because of this that this scarcity mindset feeds generational poverty. Breaking Down Generational PovertyWhat exactly is generational poverty? Well, poverty of this kind is deeply rooted …

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