Nearly one in four children are living in poverty in the United States, a higher percentage compared to the poverty rate during the Great Recession in the late 2000s, according to a new report by a child advocacy group.
About 22 percent of Americans kids, 18.7 million, lived in low-income households in 2013, a four percent increase since 2008, the Annie E. Casey Foundation said in a report released on Tuesday.
Data for 2014 are not yet available, but the report anticipates that the child poverty rate remains at an “unacceptably high level.”
“Although we are several years past the end of the recession, millions of families still have not benefited from the economic recovery,” said Patrick McCarthy, president and CEO of the Casey Foundation.
“While we’ve seen an increase in employment in recent years, many of these jobs are low-wage and cannot support even basic family expenses. Far too many families are still struggling to provide for the day-to-day needs of their children, notably for the 18.7 million kids who are living in poverty. We can and must do better: we can make policy choices to lift more families into economic stability,” McCarthy said.
African American, American Indian and Hispanic children were more than twice as likely to live in poverty as white children, the report said.
Nearly a third of children are living in families where no parent has full-time employment, the foundation’s 2015 Kids Count Data Book reported. …
Such a shame our imperial overlords can’t figure out how to manage an economy full of incredibly talented people, natural resources and access to two oceans. Riiiight….
Asset stripping is a method in which a company or an individual, known as a corporate raider, attains control of another company, and then auctions off the acquired company’s assets. The sold assets are often used to repay the debt of the corporate raider, which may have been increased due to the acquisition. The process of asset stripping is utilised by corporate raiders in order to repay the debts they may have, whilst increasing their net worth. A company that may become susceptible to asset stripping is a company whose individual assets are worth more than its collective net worth. …
How close is the USA to insolvency? If you accept the fake “national debt” as legitimate (see monetary.org) then all it would take would be a crash of the dollar to force interest rates through the roof. Monetary reform is a matter of human survival, as important as food and water.