POVERTY SPIKES TO 1960S LEVEL: Nearly 50 Million Americans Below the Line, Child Hunger Rates ‘Alarmingly High’, Help From Washington Shrinks As Government Struggles With Debt… Does That Mean There’s No Way Out?
April 3rd, 2013
U.S. sees highest poverty spike since the 1960s, leaving 50 million Americans poor as government cuts billions in spending… so does that mean there’s no way out?
The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the country’s children as poor.
It comes at a time when government spending cuts of $85 billion have kicked in after feuding Democrats and Republicans failed to agree on a better plan for addressing the national deficit.
The cuts will directly affect 50 million Americans living below the poverty income line and reduce their chances of finding work and a better life.