In order to create wealth (and not just transfer wealth), one must add value. Adding value can come in many forms, including providing a product or service, inventing something new, assisting others in being successful or in achieving their goals. Training people on how to provide value based on their interests and skills will help individuals provide for themselves.
A fair marketplace also needs to exist, where people are fairly compensated based on their contributions and value provided. Although supply and demand is a powerful economic influence on wages, a company and even consumers can consciously choose to pay based on value instead of supply and demand. Supply and demand will still influence prices, which isn’t a bad thing, however, we want to make sure it is not the only influence.
Another important aspect of creating prosperity is the management of money and planning for future needs. It doesn’t matter how much money a person generates if they do not manage it well. Programs that encourage better personal management of their money so they can afford retirement, health care, education, and other needs are vital.
Additionally, people who are not struggling are willing to pay more for products and services than people who are struggling. People who have a disposable income purchase more goods and services, which helps spur the economy.