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There's also been a lot of success with providing housing to the homeless. When they have stability, they use it to create a better life for themselves, and that translates to lower costs in terms of enforcement, ER visits, legal aid, and incarceration.
The US doesn't provide for this in federal policy because we like our laws to reflect the cruelty and malice we have in our hearts for perceived undesirables.
If you are mentally ill or had a streak of bad luck, it's your own fault. Be smart and get born rich like almost every rich person does. My God why are people so stupid?
/s
Whoa there rich people were born the same way we were. They followed a simple 7 step plan.
See rich people work hard to get rich.
The overwhelming majority of people who inherit wealth lose said wealth within 3 generations.
70% by the second generation and 90% by the third
https://www.nasdaq.com/articles/generational-wealth%3A-why-do-70-of-families-lose-their-wealth-in-the-2nd-generation-2018-10#:~:text=The%20only%20thing%20they%20know,lose%20it%20by%20the%20third.
That article didn't seem to cite any studies or data and reads like an ad for something.
Wikipedia has a few good paragraphs with citations: https://en.wikipedia.org/wiki/Economic_mobility#Intergenerational_mobility Most relevant:
Almost like money doesn't equal ability.