Fadhel Kaboub answers questions about poverty
What effects does poverty have on children? Fahdel Kaboub, associate professor of economics and president of the Binzagr Institute for Sustainable Prosperity recently answered this question in interview with WalletHub.
Kaboub outlines the negative effects of poverty on health, economic welfare, and mental and physical development. He goes on to say that there is little current political will to combat this issue and there are very few options for families in low-income households.
“As government support to low-income families continues to decline, the only remaining option for low-income families (excluding support from extended family members) is support from charitable organizations. However, many charitable organizations suffer from sever budget cuts during economic downturns, right when their services are needed the most. As a result, we are increasingly seeing a new wave of complementary community support systems in the form of community currencies, community gardens, and even community-based barter.”