Why the rich get richer and the poor get poorer?

There is this old saying which is pretty accurate and true in most cases. I never thought about it deeply, until I realized that it is actually very true.

When you grow up, you start learning. You mimic your friends, family members, relatives basically anyone you are interested of. You have your own reality, but most likely, you parents guide you throughout your life. They encourage you to do certain kind of things they believe in. If your parents know nothing about handling money, there is a great change that you will not learn these things anywhere else. If your parents believe that economic markets and investing is for rich frauds, you will not get very appropriate financial education from your family.

Education is highly inheritable. The level of education of the parents of the child defines usually quite precisely how educated the kid will be. The same applies usually for financial education and knowledge. For example, I learned a lot about investing in my home from my mother.

When you learn how to put money working FOR YOU, you can get rich.

10 years of S&P 500 - an example how the money can work for you

It is a cold fact, that the more you make money, the more you can invest, thus enjoy the benefits of a compound interest. And the earlier you start, the better. It is a recipe for riches. That is what rich people do more often than poor people. That is why they get richer and the poor don't get richer.