This research paper delves into the repercussions of household stress on child development in low-income families, particularly in Mississippi, the poorest state in the US. The study highlights the existing positive correlation between family income and children's academic and behavioral outcomes. It emphasizes the need for a more comprehensive understanding of the impact of wealth disparities, pointing out gaps in current research that focus more on income than wealth inequality. To address these gaps, the research proposes using grounded theory and correlational research methodologies, aiming to uncover the relationship between financial instability and child development. Additionally, the study advocates for exploring successful models from other states, like Connecticut, to inform potential interventions in Mississippi and contribute to the development of effective programs for children facing economic challenges.