poverty is really about non-working people: children, elderly, disabled, students, carers, and the unemployed. The big things that cause poverty for adults over the age of 25 in a low-welfare capitalist society—old-age, disability, unemployment, having children—do not go away just because you have a better degree. These poverty-inducing circumstances are social constants that could strike anyone of us and do strike many of us at some point in our lives. To the extent that education does nothing to provide better income support for those who do find themselves in these vulnerable situations, its effect on overall poverty levels will always be weak, or, as with the US in the last 23 years, totally nonexistent.
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