Quote:
Originally Posted by jIM_Ohio
The poor will always have a few attributes in common from one generation to the next:
1) they are closer to earning zero than anyone not deemed poor
2) when others make more money than another, that person might have a feeling of being poor
3) what really needs to be measured is if the people which are poor now, are also the same people which are poor in 15 or 25 years.
Rich get richer- of course
2 main reasons
If I have capital or the ability to borrow it, I can make money
and no matter how much money a certain segment of the upper class makes, they will always want to make more.
It is very possible the difference between the rich and the poor is not just the money, but also in the attitudes and value people have about money.
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Thanks for the comments Jim,
I'm so glad you picked up on and mentioned the attitudes. This is the most important part. If people are comfortable being poor, they will never make a transition to middle class and eventually wealth.