In a capitalist society, the key to "a good life" is passing a certain threshold of capital accumulation. The poor, not having much to begin with, has to constantly fight this uphill battle of trying to save more money, of finding more resources constantly, adding to their net worth, etc. This article shows that there is even an adverse psychological effect that makes reaching the goal still harder. All this seems to require big intervention of the governments part to level the playing field and make capital accumulation possible.
Unfortunately in the US, one bad financial decision, one loss of job, one bad case of illness or one trouble at home can reset the pool to 0 and often negative due the extensive background and credit history checking. It is the US government's responsibility to fix this because we submit to its authority, fund its existence and elect its officials for the purpose of trusting it to steward our nation and its people. Sadly when I tune into the political discourse it's all about gun/abortion/tax/federal debt and whatever other kinds of "freedom". Why is helping people never and enhancing social mobility on the table. And I am so so tired of politicians parading education as the silver bullet.
Unfortunately in the US, one bad financial decision, one loss of job, one bad case of illness or one trouble at home can reset the pool to 0 and often negative due the extensive background and credit history checking. It is the US government's responsibility to fix this because we submit to its authority, fund its existence and elect its officials for the purpose of trusting it to steward our nation and its people. Sadly when I tune into the political discourse it's all about gun/abortion/tax/federal debt and whatever other kinds of "freedom". Why is helping people never and enhancing social mobility on the table. And I am so so tired of politicians parading education as the silver bullet.