Step 1: Children raised below the poverty line are worse with money than children raised above the poverty line. (Use debt to income ratio)
Step 2: A child that never has money and whose family struggle, never has the opportunity to learn how to manage money.
Step 3:
• Adults who grew up above the poverty line as children referred to as (AP) and below the poverty line referred to as (BP). • AP Will have a lower debt to credit ratio in their mid-30’s.
• BP will have a higher debt to credit ratio in their mid-30’s. • BP will have no credit in their mid-30’s. • AP will use cash to pay for everything and have no credit therefore a bad credit ratio • Long studies with kids may have a higher incident of dropping out or kids may not want to