What are contributing factors to a poverty trap

A poverty trap is a situation in which escaping poverty is very difficult due to certain factors that entrap people at a certain level of poverty or income. These factors can include a lack of education and skills, inadequate access to credit and financial services, structural inequality, overpopulation and inadequate access to healthcare, limited access to markets, and large family sizes. 1. Lack of education and skills: Low levels of educational attainment and lack of developed technical and vocational skills can lead to low wages and employment of low-skill, low-paying jobs, trapping people in a cycle of poverty. 2. Inadequate access to credit and financial services: Poor communities often lack access to formal financial institutions, and this can leave them unable to access credit, purchase land, or start businesses that could help them escape poverty. 3. Structural inequality: Structural inequality— in the form of racism, sexism, and other kinds of discrimination—can limit access to jobs, limit wages and deny needed resources to certain communities. 4. Overpopulation: Large family sizes and high population densities can put stress on resources, stifling economic development and trapping people in poverty. 5. Limited access to markets: Inadequate access to markets and trade can limit access to profitable employment, trapping people in low-wage jobs. 6. Poor access to healthcare: Poor access to healthcare deprives people of essential preventive and curative care, worsening poverty-related