Poverty isn’t just about a lack of money. In fact the word poverty comes from the old French word poverté , which refers to a wretched state. It’s about the combination of a persistent instability that extends into every corner of life, including your mind and your body. Low or no income can result in missed meals, overdue bills, and threats of eviction or repossession that can mean the difference between having a roof over your head and being put out on the street. In my forthcoming book Overcoming Financial Trauma (Wiley,2025), I identify financial instability and poverty as one of six distinct sources of financial trauma.
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