**SEC17 WK:#4: the effects of economic hardships on families **
Thanks to Steem Kids & Parents for selecting the topic of discussion for the engagement challenge session 17 in fourth week. I'm glad to participate in SEC-S17W4: the effects of economic hardships on families
Hard working families can do everything they can to stay afloat and stay on top of Bills until they face crisis that strains their budget.
Financial crisis often comes from out of nowhere by way of job loss, health issues, or something as common as car repar. These emergencies cause stress and stan in an already stretched thin household income.
Families facing a crisis do what they can to pay bilis but come up short. Savings accounts get drained and friends and family help but the financial burden grows too large.
Types of Insecurities
Food Insecurity: When families lack access to adequate food for all members because of insufficient family resources. to lead active, healthy lives.
Housing Instability: When families experience a moved twice or more in the past year or ever homeless.
Energy Insecurity: When families have limited or uncertain access to enough home energy.
Foregone care: When families delay or forgo receiving medical care or filling prescriptions because of cost.
Health consequences in children due to food insecurity
Worse metal health
Higher risk of
developmental delays
Higher risk of fair or poor physical health
Higher risk of iron deficiencies anemia j,
Higher risk of asthma
Higher risk of hospital admittance
Children who are growing up in economic disadvantages the stresses of poverty effects children's development of self regulation. It affects their ability to manage their emotion to control their impulse but also to focus their attention in classroom to be able to focus their thinking on a problem or at intellectual challenge. It contribute to their poor school achivement.
Poverty really impacts the opportunity for children and their ability to participate in things at school.
Sometimes we like to thank conveniently of poverty as an individual problem when in fact many individuals end up in poverty through no fault of their own but because they were may be in wrong place at wrong time. Poverty just happens to be the condition that the people are living in and it is not a characteristic of individual.
Poor children are several times more likely than children who are never poor to spend half of their early adult years living below the poverty.
Many families are caught up in vicious circle that keeps them under poverty generation after generation.
I would like to invite three fellow Steemians also to perticipate @eveetim @daprado1999 @aprendeconkevin.
Thank you for reading post.
@impersonal
Families adapt to financial circumstances in different ways, contingent upon the seriousness of the circumstance and the assets accessible to them. Here are a few normal techniques families use to explore monetary difficulties:
Budgeting: Families frequently start by making a definite financial plan to comprehend their pay and costs better. This assists them with focusing on fundamental spending and distinguish regions where they can reduce expenses.
Saving: Building a backup stash can give a wellbeing net during difficult stretches. Families might change their ways of managing money to set to the side more cash for reserve funds.
Reducing Expenses: Families might lessen unnecessary costs, for example, eating out, diversion, and extravagance buys. This can let loose assets for necessities like lodging, utilities, and food.
Seeking Extra Income: Some relatives might take on extra work or side tasks to enhance pay. This can assist with overcoming any barrier among pay and costs.
Community Support: Families frequently depend on help from local area associations, good cause, or government help projects to assist with food, lodging, or other fundamental necessities.
Communication and Planning: Open correspondence among relatives about monetary difficulties can prompt better preparation and critical thinking. This can assist with overseeing pressure and guarantee everybody is in total agreement.
Downsizing: In additional serious circumstances, families might have to scale back their living courses of action or offer resources for lessen monetary strain.
Every family's circumstance is extraordinary, so they might utilize a mix of these procedures to adapt to financial difficulties. Best of luck.
Best Regards
Maryam Nadeem
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Thank you for sharing your opinion on such a serious topic. Crisis mostly falls on middle class and poor families. Once the situation starts deteriorating, then the situation becomes difficult to control. To avoid this crisis, we should prepare a household budget by planning very carefully and invest the money accordingly.
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@impersonal Your insights shed light on the harsh realities faced by families during economic hardships. It's heartbreaking to see the ripple effects of financial crises on children's health and education. Your perspective highlights the urgent need for systemic solutions to break the cycle of poverty. Wishing you the best of luck in the contest!
Thank you for sharing your views on the serous issue and good wishes.
Economic hardship is what I will not desire for every family. I have seen cases where members of the family lost their lives due to the fact that they can't no longer cope with economic hardship
Very sad but fact.
This is the sad reality of things. I am more saddened by your last statement about the vicious cycle that keeps families under poverty for generations. This is because I have seen this in my family and I myself I am trying to break free. May God help me Amen
May God help you to overcome the situation soon.
I love the way u describeda hard working family. You are very right families can still live a happy life if only they are hard working. I wish you goodluck in your entry
Thank you for visiting my post and good wishes.
Greeting friend @impersonal, You point out that hard working families will do whatever they can to stay afloat and on top of the bills until they face a crisis that strains their budget which I think is correctYou also said that financial crises come from anywhere, from job losses, health issues or something as simple as car repairs, and you also mentioned that these emergencies put stress and strain on already stretched thin family incomes.I agree with you. agree I appreciate your presentation.
Thank you so much for visiting my post.
Upvoted. Thank You for sending some of your rewards to @null. It will make Steem stronger.