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Poverty is a complex social phenomenon that has both short-term and long-term negative consequences. The main cause of poverty is a lack of access to education and job opportunities, which creates a vicious cycle in which people cannot improve their economic situation. This results in a lack of basic needs such as food, shelter, and healthcare. The effect of poverty is a range of negative outcomes, including poor physical health, malnutrition, and low life expectancy. Children living in poverty are more likely to struggle academically, and face a higher likelihood of dropping out of school. Over time, these effects can lead to a decreased economic productivity and the perpetuation of poverty across generations.
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