(Source: AlterNet, November 1, 2013)
WASHINGTON, D.C. — There are 16.4 million American children living in poverty. That’s nearly one quarter (22.6%) of all of our children. More alarming is that the percentage of poor children has climbed by 4.5 percent since the start of the Great Recession in 2007. And poor means poor. For a family of three with one child under 18, the poverty line is $18,400.
Meanwhile, the stock market is booming. Banks, hedge funds and private equity firms are making tens of billions of dollars again, while the luxury housing and goods markets are skyrocketing.
Full story: AlterNet