Thursday, September 22, 2011

Poverty soars among young families in US

Since the onset of the economic crisis, millions of working class families have fallen into deep financial distress. The younger generation has been particularly hard hit by unemployment, the housing crisis and debt.
Government data indicate that more than one in three young families with children were living in poverty in the US in 2010, the highest rate ever recorded. At the same time that families are financially strained, assistance programs for the poor have been cut and eligibility rules tightened.

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