It absolutely dulls career opportunities because you can't take risks that you could otherwise take. You may be able negotiate better compensation on the jobs that you do get because there is less pressure to get a job.
I personally can survive on 10 bucks a week for food. My family cannot.
Also, the average person won't go to school while working full time and having a family. So that in and of itself can re the career growth of a person.

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