this post was submitted on 29 Sep 2023
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This is so true. Even "breaking out of" poverty is hard, if you're lucky enough to have managed it, because you can't ever change where you've come from. Just anecdotally, my siblings and I have done very well for ourselves financially, but we've had to take on a lot of other family members' debt just to keep them from going under.
So not only do poor people lack the safety net of family wealth, but they experience a kind of opposite effect if they even do manage to "make it."