• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

He Grew His Side Hustle to 25 Locations, $15M in Revenue

December 13, 2025

How My Surgery Recovery Revealed an Entrepreneurial Goldmine

December 12, 2025

Jamie Dimon Says Mastering These Skills Will Lead to ‘Plenty of Jobs’

December 12, 2025
Facebook Twitter Instagram
Trending
  • He Grew His Side Hustle to 25 Locations, $15M in Revenue
  • How My Surgery Recovery Revealed an Entrepreneurial Goldmine
  • Jamie Dimon Says Mastering These Skills Will Lead to ‘Plenty of Jobs’
  • How This CEO Balances Running a Company and Being a TV Star
  • Drinking This Type of Milk Could Be Terrible for Your Heart
  • How to Transform Your Company Into an AI Powerhouse
  • Your 12-Week Playbook for Deploying AI Agents
  • The Mental Pitfall That Can Derail Entrepreneurs — And How to Avoid It
Saturday, December 13
Facebook Twitter Instagram
iSafeSpend
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
iSafeSpend
Home » A Reporter Returns To Her Arkansas Home To Find Why Inequality Is Complicated
Personal Finance

A Reporter Returns To Her Arkansas Home To Find Why Inequality Is Complicated

News RoomBy News RoomAugust 20, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

During a recent conversation, a business owner scoffed at all those who weren’t doing well. All it takes is effort, he said, and dismissed that anything else could be true.

There are people who struggled and fought their way out of a depressed socioeconomic background. There are also people who can run a mile in five minutes or less, easily grasp the concepts of calculus, and singlehandedly run new plumbing lines in their homes without making a mistake.

There are even relatively many such people in any one of those categories, and each group is still a small part of the population. Different people have different talents and that is when they aren’t unduly hampered from pursing them.

But the restrictions happen and make it difficult even for those with the particular talents. One of my forebearers was able to do well in a field — after changing his name and pretending to be Protestant.

Compared to many, those were easy adjustments. Journalist Monica Potts is the author of The Forgotten Girls: A Memoir of Friendship and Lost Promise in Rural America. She was born and brought up in a small town in Arkansas that she describes at length as an effective trap, keeping many young people from leaving and doing better. She got out of the area, attended a prestigious college, and became a journalist, then ultimately returned and researched to investigate why so many others didn’t move beyond the local setting, focusing on a childhood friend’s struggles.

Not that people should have to leave their homes permanently to thrive. But in this town — ironically named Clinton, which happens to be the name of perhaps the most prominent poor-kid-makes-good-more-or-less resident of the state — options are often few and far between.

The population of 2,509 according to the 2020 census, down from 2,602 the decade before, is the county seat of Van Buren County. Median household income is $38,977. Per capita income is $21,991, with 21.6% of the population living below the poverty line. The median household income in the U.S. is about $70,784, with median personal income in 2021 (most recent figures) of $37,522. Median is middle, so the number of households making more than the 55% of national household median income is equal to the number making less.

There wasn’t a single factor that locked people into lives of low expectations and results. Instead, there were many. Traditions of thinking that limitations were natural. School guidance counselors and families who assumed kids would never get much of anywhere because no one would be able to afford the cost of a big-name university, even though such schools often had far more in financial aid available. It was only a fluke that got her into a pre-college program at Barnard through a scholarship she hadn’t known existed, and only found out when she called to say she couldn’t afford to attend.

There are heavy religious attitudes that help glue people in the traditional lives in the area, massive problems with drugs, a lack of job and business opportunities, fear of the unknown, and a broad sense of giving up.

There is no single action that would make the difference: federal or state development dollars, higher minimum wage levels, a drug program, union organization, or any other thing. Too many factors have caused the conditions there, whether isolation, companies pulling out of the area with a resulting lack of jobs, drugs, or despair, to mention just a few.

This is why most programs make so little difference. As a country, we only know how to throw limited amounts of money at issues and tell ourselves that will be sufficient. Real solutions are as complex as the problems.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

2025 Year-End Financial Checklist for Wealthy Investors

Retirement December 9, 2025

Foundations Of Health And Longevity In Retirement

Retirement December 6, 2025

Trump Accounts vs. Baby Bonds: Who Truly Benefits?

Retirement December 5, 2025

Balancing Health, Longevity and Finances

Retirement December 4, 2025

Dell’s $6B Gift Fixes A Small Flaw In Trump’s Child Accounts

Retirement December 3, 2025

What’s Your Plan For Financial Security In Retirement?

Retirement December 2, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

How My Surgery Recovery Revealed an Entrepreneurial Goldmine

December 12, 20250 Views

Jamie Dimon Says Mastering These Skills Will Lead to ‘Plenty of Jobs’

December 12, 20250 Views

How This CEO Balances Running a Company and Being a TV Star

December 12, 20250 Views

Drinking This Type of Milk Could Be Terrible for Your Heart

December 12, 20250 Views
Don't Miss

How to Transform Your Company Into an AI Powerhouse

By News RoomDecember 11, 2025

Entrepreneur Key Takeaways AI is already transforming businesses from the ground up. It’s the operating…

Your 12-Week Playbook for Deploying AI Agents

December 11, 2025

The Mental Pitfall That Can Derail Entrepreneurs — And How to Avoid It

December 11, 2025

3 Practical Steps You Can Take Now to Stay Competitive in an AI-Driven Job Market

December 11, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

He Grew His Side Hustle to 25 Locations, $15M in Revenue

December 13, 2025

How My Surgery Recovery Revealed an Entrepreneurial Goldmine

December 12, 2025

Jamie Dimon Says Mastering These Skills Will Lead to ‘Plenty of Jobs’

December 12, 2025
Most Popular

The 300-Year-Old Tool That Runs Modern Day Trading

December 7, 20253 Views

ChatGPT’s New Internet Browser Can Run 80% of a One-Person Business — Here’s How Solopreneurs Are Using It

December 6, 20253 Views

Get a Lifetime of Microsoft Office 2024 for Just $150

December 6, 20253 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 iSafeSpend. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.