DEPARTMENT OF EDUCATION REGION IV-A

CALABARZON DIVISION OF BATANGAS

ST. FRANNCIS DE SALES MINOR SEMINARY
LIPA, BATANGAS

WHY THE RICH GET RICHER AND THE POOR GET POORER FROM
ST. FRANCIS DE SALES MINOR SEMINARY

Researcher:
John Paul Benedict Griño
Jon Vince Delos Santos

Research adviser:

Ruby May De Castro

 Table of Contents
Table of
Contents………………………………………………………………………………….2
Abstract…………………………………………………………………………………………....
4
Introduction………………………………………………………………………………………..
5
Chapter I – Problem and Its
Background………………………………………………………….6
a. Statement of the
Problem/Objectives……………………………………………………….7
b. Significance of the
Study……………………………………………………………………8
Chapter II: Financial
Literacy……………………………………………………………………..9
a. What is Financial
Education……………………………………………………………….10
b. Disparities among different ethnic
groups………………………………………………....11
c. Outdated Plans and more Complex Saving and Investment
Options………………………12
Chapter III: Assets and
Liabilities………………………………………………………………..13
a. What is Assets and
Liabilities……………………………………………………………..14
b. The Poor Can accumulate
assets…………………………………………………………..15
c. The Rich Buy Assets and the Poor accumulate
Liabilities………………………………...16
Chapter IV: Global Inequality……………………………...
…………………………………….17
a. Unfair Politics……………………………………………………………………..………
18
b. Lack of Education can lead to Inequality…………………….
……………………………19
Chapter V: Conclusion
…………………………………………………………………………..20
 Chapter I:
Problem and Its Background
A. Statement of the Problem/Objectives

The gap between the rich and the poor is getting larger by the day and actions to
prevent it is almost nonexistent. Economic Inequality
 Abstract
Why the rich get Richer, and the poor get Poorer “The reason why the rich get richer,
and the poor get poorer is due to the growing gap of not just money but also financial education
and literacy.” The evident explanation for this phenomenon is the lack of financial education in
the public-school systems. Previous research about this topic has only dwelled on the problem
of investments of high return and why the poor cannot execute it. Our aim is to give notice to the
lack of financial education and have the youth today act according to what the world today
needs: scholastic skills, financial skills, and communication skills.

As Robert T. Kiyosaki said, “The world has changed but education has not changed with
it.” The youth today spend years in an antique educational system, studying subjects that they
will never use, preparing for a world that no longer exists." This educational system does not
have the needs that the world requires the youth today and in return, they fail in the financial
field. The Researchers used data based on “Best Money Moves”. Com concerning financial
literacy and its importance in the work field for both employee and employer. The 2018
Employee Financial Wellness Survey by PwC found: 25% of employees report that issues with
personal finances have been a distraction at work. 11% of employees occasionally miss work
due to financial stress. 43% of employees who are distracted by finances at work spend 3 hours
or more at work each week thinking about or dealing with issues related to their personal
finances.

"Education is the foundation to success scholastic skills are vitally important, so are
financial skills and communication skills." Robert Kiyosaki, author of Rich Dad, Poor Dad saga
talking about finance and its importance in youth today. In his books, it talks about financial
literacy and why the education system now needs it, saying "The world has changed but
education has not changed with it. The youth today spend years in an antique educational
system, studying subjects that they will never use, preparing for a world that now longer exists."
Meaning that the education system the schools offer does not have the needs the world
requires and in return, fail in the financial field. Smart planning and proper education can easily
lead youth to a more successful and easier future.