The Poverty Cycle, Stages and explanation of each stage

I'm a business student in one of the best colleges in Canada and over the past few years I've learnt so much of which I would share one of the numerous lessons here.

A lot of us are poor and we are the reasons for bring in that situation. See a lot of us fails to escape the cycle of poverty because we all think going to school and getting a job helps us get rich but sadly it doesn't, not withstanding going to school is totally necessary but it doesn't guarantee you leaving the poverty cycle.

The poverty cycle is a web that explains the different stages of being broke. I would explain the various stages

1.FAMILY IN POVERTY: See we are unlucky to have parents who are sometimes not being able to escape the cycle and thus begins the cycle once again

2.CHILD GROWS UP IN POVERTY: The family gives birth to a child which grows up I'm harsh conditions of poverty

3:CHILD IS SIGNIFICANTLY DISADVANTAGED IN EDUCATION AND SKILL: AS a result of being in a poor family, funds needed to acquire the necessary education and skill are unavailable, therefore the child acquires poor education or no education.

4.STRUGGLES TO GET A JOB: Because of the little educational qualification and skill level of the individual, the child finds it difficult to compete with other individuals out there due to the educational qualifications and find it very hard in securing a well paying job and later settles for a low class job.

5.FAILS TO ESCAPE THE POVERTY CYCLE: Due to the nature of the job gotten by the individual, he finds it difficult to make ends meet and he becomes seriously broke or is in numerous debts and becomes really poor and the cycle starts all over.