Look, I’m not sure of anything about you, but I grew up poor. I’ve worked in banking for 7 years. When people of poverty come in to money, the vast majority don’t save it for essentials, they go out and spend it on luxuries.
You could drop 10k in their accounts every year, it’s going to be spent on tvs, cars, clothes, iPhones, whatever.
The real solution is lowering the cost of essentials.
