Poverty is a global and complex problem affecting millions of people around the world, undermining the basic conditions for a dignified life. This paper analyses the complexity and different dimensions of poverty, from a general overview of the concept of poverty, its measurement and key indicators to the theoretical approaches dealing with this topic. Poverty is not just an economic problem, but a multidimensional phenomenon encompassing the social, cultural and psychological aspects of life and affecting adults and children alike. Particular emphasis is placed on child poverty because of its profound and lasting effects. Growing up in poverty has implications for the future of children, affecting their development, education and chances of breaking out of the cycle of poverty later in life. It also explores theoretical approaches to child poverty, the causes that lead to it and the kinds of consequences it has on children's development and their future. It discusses models of risk and resilience and the importance of investing in resources for children to break the intergenerational cycle of poverty. In the final part of the paper, it provides insight into the possibilities of alleviating child poverty through interventions and measures that can contribute to ensuring equal opportunities for all children. In conclusion, it is concluded that collective efforts are crucial to prevent and reduce poverty and to ensure better conditions for all generations.