What is the term for a set of norm, values and beliefs that encourage and perpetuate poverty?

culture of poverty

Explanation:

The theory of culture of poverty is propounded by the anthropologist named Oscar Lewis, which showcase how the culture values passed from one generation to another caused poverty. It states that when people grow up in a poor family, they learn certain norms and values, which in turn shape their choices and therefore it explained why the people raised in a poor family often remain in that state.