The U.S. Census Bureau released figures Thursday that the number of poor children in the country rose by 1 million to its highest level ever. This increase has brought the total percentage of poverty stricken children to just over 32%.
The Bureau released the following statement with their report to Reuters:
"Children who live in poverty, especially young children, are more likely than their peers to have cognitive and behavioral difficulties, to complete fewer years of education, and, as they grow up, to experience more years of unemployment”.
The Bureau has said the increase in poor children has been because more families have dropped below the poverty threshold. This threshold is defined as an annual household income of $22,314 for a family of four.
The Census figures are just one more statistic to reinforce that the U.S. is in a full blown depression…