I never said there was a SINGLE cause for all poverty. Don't pretend I did. Deal with the truth that I present rather than debating a position I don't hold. That is intellectually dishonest.
Again the thread is about the elderly. It was you who started in talking about folks buying expensive clothes and squandering their assets so obviously you believe the cause of poverty is a moral lapse. If that is not your point then why did you bring it up when we are not even talking about people who have assets to squander?