In the United States, the poverty line is $11,770 per person. While this may seem like a lot of money in other countries, this is below the baseline of what most people need in order to live a comfortable existence as an American. At the moment, 46.7 million people are living at or below the poverty line. And unfortunately, many of them are never going to get themselves out of it unless they completely change their lifestyle.
These bullet points are not meant to make you feel bad about yourself, but rather help you recognize when your financial habits are holding you back from making more money. Personally, I spent the majority of my life living under the poverty line. My father was injured in an accident at work when I was just 4 years old. He was lucky to be alive, but he was in a wheelchair for over a year. My dad had to learn to walk again, and he still struggles with chronic pain to this day. We were on welfare and foodstamps for most of my life, and I grew up in a low-income area.
Throughout this article, I may give some personal anecdotes about how I managed to break through the poverty line and into the middle-class.
30. Living in an Area With Few Opportunities
Sometimes, the problem with poverty isn’t necessarily you as an individual, but rather the place you live. Some places have lower wages across the board because working opportunities are too few and far between. The process of relocating can be very expensive. You need to pay for a new down payment, moving vans, transportation costs, and much more. Many people don’t have the option to leave the area that they were born into, or it might be a struggle to get out.
Living in a low-income area also puts you in the mindset of poverty being normal. Trying to better yourself might also make you an outcast. When one person tries to go against the herd, they are often attacked by people who are jealous of their ambitions. This can cause some people to put their heads down and try to continue with the status quo. Just remember that you become the average of the people around you. So if you continue to stay in an area where everyone else is poor, the odds of you becoming rich are going to be smaller.