Rich vs Poor Family (Agree or Disagree)

 

Children who are brought up in families that do not have large amounts of money are better prepared to deal with the problems of adult life than children brought up by wealthy parents. To what extent do you agree or disagree with this opinion?

It is often argued that when it comes to facing challenges as grownups, children raised in families with financial constraints out-perform ones with a wealthy background. I agree with this because of the fact that less fortunate children are found to spend wisely, and they also believe in self-reliance.

A common issue being faced by many adults is managing the expenditure. In other words, nowadays, spending money is considered as important as earning it. Individuals who come from a lower middle-class background have spent their youth with limited resources and finances, this causes, or rather forces, them to be cautious in spending money. As a result, even after growing up, the habits of smart spending remain embedded in the sub-conscious part of their brains, leading to the development of better financial management skills in their adulthood. 

Another aspect that younger days spent with less household income teach us is to be self-capable. Unlike the off springs of rich families, who often inherit wealth, children belonging to poor families understand from day one that they have to build their futures themselves. Firstly, this leads to the birth of many positive traits in their personality such as, self-confidence, motivation and determination. Secondly, and more importantly, this understanding of being solely responsible for their better living, drives them to be self-dependent and hardworking. A good example to support this argument would be of Elon Musk, who is now world’s fourth richest man but was raised in a poor family, and his motivation to become an entrepreneur was the rough childhood he had. 

To conclude, yes, individuals who had less lucrative conditions in their younger days are more likely to handle daily life issues with the help of their better financial management skills backed up with their self-reliance and confidence.