Why do wealthy kids stay rich?

Naturally, a child born into a high-income earning family has easy access to luxurious resources. Yet this environment has set them up with an unfair advantage compared to low-income children, as wealthy kids without fiscal responsibility are likely to stay wealthy at about the same rate as poor kids who work hard are likely to stay poor.

What happens to children who grow up in poverty?

For example, in one 2009 study by the National Center for Children in Poverty at Columbia University, researchers found that children who grew up poor were not only more likely to experience poverty as adults, but that the likelihood of being poor in adulthood went up with the number of years spent in poverty as a child.

Why should we not blame the poor for the poor children?

Because every married couple have right to give birth to a child, no matter whether they are rich or poor. You cannot blame the fate of the poor children. Instead you should blame the system that failed to provide equality of opportunity.

What does it mean if you are born poor?

If you are born to a poor family, that means, either your ancestors didn’t work hard, or their situations were unfavorable which prevented them from becoming rich. Now being born poor, and if you continue to remain poor in your life, it is again karma.

What are the advantages of having a wealthy family?

Children raised in wealthy families have access to the best available education which give them access to better jobs in the future. – Their families have many social connections at hand’s reach which can be useful in certain circumstances (overcome legal or health issues).

What happens to children of poor families in America?

Children from poor families are much less likely to work in adulthood than children from middle-class families. Only about 60 percent of children from the poorest families are working at age 30, compared with 80 percent of children from median-income families. 2

Why do children of affluent parents have different outcomes?

The evidence all points to one cause underlying the different disturbances documented: pressure for high-octane achievement. The children of affluent parents expect to excel at school and in multiple extracurriculars and also in their social lives.

https://www.youtube.com/watch?v=Z-bGWIumK4o