ht. But this is not the case. What then has caused the cycle of poverty to exist? Poverty is an economic problem and the roots of the problem can be traced back to unequal distribution of wealth. So as not to get into a long protracted explanation on the development of the modern industrial society, the subject will be surmised here. The wealth of nations has been historically concentrated in the elite few, i.e. industrialist, ruling elite, and landholders. The middle and working classes have generally had a small amount of capital gain and the wage slaves and poor have had the smallest amount of wealth. Each class has created different ways of adapting to their socioeconomic situation. The upper classes have a life of privilege and few concerns with their day-to-day survival. The middle and working classes have the opportunity of upward mobility but often live a life of relative comfort usually due to a system of credit, therefore allowing them to live a lifestyle beyond there economic means. Few middle and working class families can afford to pay cash for a house, car, etc; but the advent of credit has allowed the middle and working classes to achieve a level of comfort that belies there economic means. The wage slave and poor have an entirely different situation. The wage slave and poor live from hand-to-mouth, usually renting or accepting government assistance for housing and have few if any major material posses
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