Top 8 economic factors that contribute to poverty

Top 8 economic factors that contribute to poverty

Note: For additional information, click the number in parenthesis following each tip.

  1. Lack of jobs that pay adequate wages. (12)
  2. High cost of medical care. (12) Healthcare is a huge issue because people who don’t have good healthcare are far more at risk on their jobs. The cost of healthcare is one reason that so few companies provide it, and are unable to provide decent health coverage for their employees and also pay decent wages. (16)
  3. The income gap between the rich and the poor. (14)
  4. Good jobs in an area causing a raise in housing prices and the cost of living, which creates a problem for low-income people living in the area. (16)
  5. Lack of education and poverty often go hand in hand, yet public (ie, local, state and federal) financing of public education always lags, and in all but the most affluent communities, is rarely viewed as anything but an inexorable drain on tax dollars. (21)
  6. Increased economic globalization and its uneven impact on U.S. workers. (18)
  7. Lack of access to major transportation routes.
  8. Lack of free or inexpensive child care.