Poverty:Thirty-Seven Cents Away From a Quarter
Poverty refers tothe state in which a person or country lacks adequate amounts ofmaterial possession because of political, social or even economicaspects. Additionally, the term poverty can be used to imply the lackof access to a clean environment, sanitation, and drinking water.Among the most common factors that influence poverty in a country orat the family, level includes overspending, failure to save,inadequate income, mismanagement of funds, laziness, and pooreducation. Either one or a combination of two or more than one leadsto poverty among most people in today’s society. However,mismanagement of funds is the most important factor that results inpoverty (Jargowsky, 162).
There are instanceswhen someone fails to follow the specific guidelines, which they haveput regarding the use of the available finances. In a country orbusiness scenario, mismanagement of funds involves such actions asthe breach of discretion, failure to account for all the transactionsas well as the violations of the company rules. In the management ofstate funds, trusting dishonest people has been the primary cause ofembezzlement of the public funds. Additionally, the lack of controlsregarding the use of public money has also been a contributing factortowards the mismanagement of funds both at the public and at thefamily level.
For instance, in asituation whereby there are no correctly outlined guidelines on howto best use the available funds, then the family or state is likelyto suffer poverty. A good example is whereby, besides a family havinglow income, one of the members spends so much money drinking.Therefore, the family lacks enough money to sustain itself regardingacquiring the basic needs. Consequently, the family members arelikely to have constant disagreements, which may finally lead totheir break up. In some cases, many marriages have broken due to themismanagement of family finances by one of the spouses. Because somepeople do not know how to manage best their funds, financialeducation is necessary to avoid or lower the rate of povertyintrusion into the society (Malton, 69).
However, differentpeople hold diverse views on the most important factor that resultsin poverty. Most people argue that the primary cause of poverty islaziness. In most societies, some people want to lead a comfortablelife, yet they are not willing to work. In such cases, greed developswhile in the family situation, all the family members wholly dependon the breadwinner who, upon death the family suffers poverty as aresult of the mismanagement of the left behind funds. Therefore, theissue of laziness still leads to the management of funds since if thefamily members appropriately utilized the finances, then they wouldnot suffer poverty after the death of their sole provider(Stapleford, 158).
In conclusion, it isclear to say that the primary cause of poverty among most familiesand states at large is the mismanagement of funds and not the otherfactors like low income, poor education, or overspending. To solvethe problem, there must be clearly outlined guidelines on the use ofthe funds, especially the public funds. At the family level too, themembers must come up with necessary strategies that will help ensureappropriate use of the available funds without wasting (Johnson &Ben, 39).
Jargowsky, Paul A. "Poverty and place." New York:Russell Sage Foundation (1997).print. page 145-254
Johnson, Susan, and Ben Rogaly. Microfinance and PovertyReduction. United Kingdom: Oxfam, 1997. Print. Page 36-58
Malton, Peter. Money Mismanagement and Financial Worries As aCause and Indication of Marital Disharmony: A Research Proposal.Waterloo, Ont: Waterloo Lutheran University, 1970. Print. Page 64-78
Stapleford, F. N. "Causes of Poverty." The Public HealthJournal 10.4 (1919): 157-161.