It is argued that children from poor families can manage adult life issues more easily than rich kids. I completely agree that low income houses can better prepare the kids to face harsh conditions in adulthood. This essay will, firstly discuss how poverty helps children to understand the importance of hard work and secondly, will illustrate that these kids can easily deal with money management in adulthood.
First and foremost, children brought up by parents of low income status understand that achievements can only be acquired through hard work. In other words, they are aware that their parents have to struggle to satisfy the basic needs of the family and hence, they grow up with the same thoughts that people have to work hard in order to succeed in adult life. For instance, it was recently reported in the Times that 95% of young adults who came from destitute families would readily accept any demanding job, even though they are overqualified, as compared to only 2% of those who were already rich as kids.
Another reason why children from low income families can better deal with adulthood problems is that they are more prepared to manage their budget. This is to say that, while observing their parents allocate the monthly share of their income to basic needs and not disbursing money on luxury items, the young ones learn to develop essential skills such as money management and decision making. For example, a study carried out in 2018 by the University of Greenwich revealed that 8 out of 10 young adults who are massively indebted came from rich families while only 10% of those were poor as kids.
In conclusion, poor parents can prepare their children in a better way to face the hardships of adulthood since they show their kids to work hard to achieve something and also, they inculcate in the young minds how to manage their income.
It
is argued
that
children
from poor
families
can manage adult life issues more
easily
than rich
kids
. I completely
agree
that low
income
houses
can better prepare the
kids
to face harsh conditions in adulthood. This essay will,
firstly
discuss how poverty
helps
children
to understand the importance of
hard
work
and
secondly
, will illustrate that these
kids
can
easily
deal with money management in adulthood.
First
and foremost,
children
brought up by
parents
of low
income
status understand that achievements can
only
be acquired
through
hard
work
.
In other words
, they are aware that their
parents
have to
struggle to satisfy the basic needs of the
family
and
hence
, they grow up with the same thoughts that
people
have to
work
hard
in order to succeed in adult life.
For instance
, it was recently reported in the Times that 95% of
young
adults
who came from destitute
families
would
readily
accept any demanding job,
even though
they
are overqualified
, as compared to
only
2% of those who were already rich as kids.
Another reason why
children
from low
income
families
can better deal with adulthood problems is that they are more prepared to manage their budget. This is to say that, while observing their
parents
allocate the monthly share of their
income
to basic needs and not disbursing money on luxury items, the
young
ones learn to develop essential
skills
such as money management and
decision making
.
For example
, a study carried out in 2018 by the University of Greenwich revealed that 8 out of 10
young
adults
who are
massively
indebted came from rich
families
while
only
10% of those were poor as kids.
In conclusion
, poor
parents
can prepare their
children
in a better way to face the hardships of adulthood since they
show
their
kids
to
work
hard
to achieve something and
also
, they inculcate in the
young
minds how to manage their
income
.