#1
#2
#3
Sam, the founder of Financial Samurai, agreed with us that climbing out of poverty is incredibly difficult. However, there are ways to go about this and, in his opinion, anyone stuck in a difficult financial situation should focus on one thing: financial education.
"The most important thing one can do is gain as much financial education as possible to get out of poverty. If there is no internet access at home or mobile data plan, perhaps there is free internet access at the local library, pandemic-willing. We can now learn anything and everything for free on the internet," he explained, sharing that there are always ways to go around obstacles like lacking internet access.
#4
#5
#6
Bored Panda also wanted to get Sam's take on what people who are exhausted and live in poverty should prioritize when they're forced between buying food, paying for rent, getting gas, and other important decisions.
"Paying for food is obviously the #1 necessity to spend money on. Fortunately for renters, there is an eviction moratorium in many parts of the world during the pandemic. Many renters don't have to pay their mortgage if they've faced COVID-19 hardship. However, the moratorium will eventually end given landlords have bills to pay as well. Therefore, the second focus is on shelter. Try to either work out an agreement with the landlord or make contingency plans with friends and relatives once the moratorium is over," he advised.
#7
#8
#9
Redditor Jicta, the author of the thread who is based in the United States, told Bored Panda that they grew up in a middle-class family but have known people who were both wealthier and poorer than they were. "I was reflecting recently on some of the social expectations of my own background and realized probably everyone experiences variants of that. So I just thought I'd ask," they told us what inspired them to create the thread in the first place.
The responses to the question they posed affected them emotionally more than they thought they would. "The embarrassment people felt as children when they couldn't afford what their classmates or other peers did was really sad to me. It made me think about how many people I interact with every day are probably facing things that they'd be so embarrassed for anyone else to know. That's not limited to financial pressures, but that's definitely one big area," redditor Jicta explained.
#10
#11
#12
In Jicta's opinion, we can all fight child poverty on all fronts. From providing direct financial support to investing in how we educate teachers. "I really like the bailout's large child credit being proposed, and hope it stays this year and in the future. Also things like educating our teachers on how to ask questions in a way that doesn't highlight the differences between kids' experiences based on their parents' financial situations."
They continued: "And lastly if we can normalize getting sustainable financial help and learning basic financial literacy for adults, that would benefit kids. I noticed how many kids were in that predicament because their parents had such poor money management skills. But basically, we just have to be able to talk about money as a society, not pretend like it's not a thing."
#13
#14
#15
The number of people living below the poverty line in the United States was a whopping 33.98 million in 2019, according to Statista. The number really is huge and speaks volumes about the daily suffering endured by Americans. However, the situation in the country has been getting much better recently, year by year.
Back in 2014, the number of Americans living in absolute poverty peaked at 46.66 million. So for nearly 13 million people, their living situation has improved at least a bit. Unfortunately, these are pre-Covid19 pandemic numbers. We’ll need to wait a year or more to get the full picture of how the lockdowns and massive changes to how society functions have affected the poor. Odds are, the situation might’ve gotten worse.
#16
#17
The fight against poverty is multifaceted and complex. Unfortunately, there isn’t a simple and clear-cut solution to the problem (if only printing more money didn’t result in greater inflation…). But it boils down to society providing support and opportunities for families that aren’t well off, as well as those same families doing everything in their power to get out of the so-called cycle of poverty.
Focusing on financial literacy, improving your education, aiming for a better job, finding a home closer to work and for less rent, reaching out to the community for help, getting rid of credit card debt bit by bit—all of these are small steps that can help move a family out of absolute poverty and into the working, middle, and even upper classes. This is, of course, far easier said than done. When you’re exhausted, hungry, and beaten down, it’s hard to find the energy and willpower to make even small changes—all you want is sleep, food, and a moment of peace.
#19
