Education helps alleviate poverty. It equips individuals with skills and knowledge to get a well-paying job. The income that educated employees receive is considerably higher than low-skilled workers. Holding other factors constant, the high income associated with academic achievements entails that education is crucial in overcoming poverty. Lack of education causes people to work tiresome and physically draining jobs at little pay. Low-skilled workers lack adequate savings to create wealth because their earnings are spent on food, clothing, and shelter.
Furthermore, education helps solve the poverty problem by making the poor creative and knowledgeable. Poverty impacts not only financial and social status but also mental development. People born and raised in impoverished neighborhoods have a narrow growth vision, missing the numerous opportunities outside their “world.” Education allows such individuals to develop mentally and pursue goals that were previously unimaginable and unattainable. Education empowers a person to think beyond the environment that they were born and raised. Such increases the opportunities to excel and become a productive and prosperous community member.
Educated people are socially responsible and manage resources efficiently. When an uneducated person receives money, they are likely to go on a shopping spree buying jewelry, cars, and clothing. In a short span, such a person depletes the finances, becoming poor or returning to poverty. Lack of education causes people to remain in poverty despite earning substantial sums because they cannot use and manage resources efficiently. On the other hand, an educated person buys assets, including land, stocks, or rental property, to create multiple income streams. Their priority is to create wealth and alleviate poverty rather than lavish spending. Such individuals fund community projects aimed at empowering youths and women, helping an entire community overcome poverty.
Poverty undermines educational attainment. Education is expensive, making it impossible for many to attend college or university unless funded by the government. Certain countries provide free high-school education and subsidized university education, allowing students from all backgrounds to acquire diplomas and bachelor’s degrees. However, other countries do not offer free or subsidized education, causing students from low-income families to miss college and university despite attaining good grades at the high school level. Due to poverty, third-world countries are unable to provide sufficient education, leaving them dependent on foreign technology, imports, and healthcare services. Poverty is a significant education barrier.
Moreover, poverty hampers academic achievements by causing distractions. Children growing in poverty cannot concentrate in the classroom or prioritize studies while their parents struggle to buy food and pay rent. Poverty causes stress and depression, undermining academic performances and achievements. Furthermore, poverty forces children to leave school temporarily and seek employment. Children whose parents cannot pay school fees due to poverty are forced to find a job to fund their education and study at the same time. Balancing between work and school at such an early age adversely affects academic performance. Students from low-income families are likely to report poor grades due to the harsh conditions at home.
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