Thursday, September 10, 2009

Alarming numbers from the Brookings Institution

The Brookings Institution, using data from the Congressional Budget Office, estimates that poverty in the U.S. will worsen through 2011 or 2012, with children really taking it on the chin:

"There were 37 million people in poverty in 2007, so our results indicate that the recession would increase the number of people in poverty by about 8 million, or 22 percent. Our estimates for the increase in poverty amongst children are even more dramatic. There were about 13 million children living in poverty in 2007, and we estimate that the number of poor children could increase by at least 5 million, or 38 percent." (Emphasis added.)

Download the entire 11-page report here.