Persistent poverty is usually a byproduct of poor impulse control. That will quickly undo any compounding created by hard work.
No other factor comes close to being as predictive of whether or not someone in the US gets out of poverty as impulse control. I've seen it in every poor community I lived in.
There is no satisfactory way to address this reality. Impulse control is significantly innate. Attempts to improve it have limited success in the best cases. Someone with no impulse control will squander or lose resources given to them, whether through their own hard work or handouts. See also: lottery winners. It is a very deep local minima.
No other factor comes close to being as predictive of whether or not someone in the US gets out of poverty as impulse control. I've seen it in every poor community I lived in.
There is no satisfactory way to address this reality. Impulse control is significantly innate. Attempts to improve it have limited success in the best cases. Someone with no impulse control will squander or lose resources given to them, whether through their own hard work or handouts. See also: lottery winners. It is a very deep local minima.