Poverty Trap

A poverty trap is a situation where individuals or communities cannot escape poverty due to various barriers. These barriers may include lack of education, insufficient access to healthcare, limited job opportunities, or high-interest debts. Because of these obstacles, people struggle to improve their financial situation, leading to a cycle where they remain poor over generations. Essentially, the conditions that contribute to their poverty prevent them from making the changes needed to escape it, making it difficult to break free and improve their lives.