One of the major reasons why the poor stay poor is that they fail to take advantage of low cost or money saving opportunities available to them. A study was published by the Center for Studying Health System Changes found that of the 35.4 million people without health insurance, 20% declined coverage from their employers. People often underestimate how likely it is that they will become ill and the associated expenses with illness until it is staring them directly in the face. Another Merrill Lynch study found that 41% of their employers say their employees don’t participate because they can’t afford it. While, that may be true for some of the cases many others will spend $2,000-$3,000 on cigarettes or lottery tickets.
An International Study showed that if you grew up in a low income household, there was a 50% chance that you would become a low income adult. Although this study had far reaching effects and cast a dreary perspective on the future, I remain optimistic. When the odds are 50/50, then you have a classic “glass half full” or “glass half empty.” You could cite that you have a 50% chance of living as an impoverished adult, but instead I choose to see that you have a 50% chance of overcoming a childhood filled with lack and having the possibility of living a life full of prosperity.
Wishing You Wealth in all its Greatest Forms
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