In 2012,…. 21.8% of all people under 18, lived in poverty, that is defined as a family of 4’s income under $23,050 (total yearly income)..That comes to under $443 per week. …
One in 5 children across America or 21.8%, live like that. (More than a majority of Americans (58.5%) will spend at least one year below the poverty line at some point between ages 25 and 75.)..
The ratio is one in five. In a class of 10, two students will be attending from a home under poverty. In a class of 20, four students will come from families living in poverty.
Below is childhood poverty tracked across 53 years starting in 1959.
Whatever we did from 1965 to 1979, we need to do again… See the low dip on the chart? Our current high level of poverty is very near the record, with one major exception. Unlike all other peaks we have plateaued at this bubble’s highest amount. Notice how in 1993 and 1983, the same levels were reached under those two presidents, but quickly descended thereafter? Since the election of the Tea Party Republicans to Congress, for the first time, poverty has stayed steady at the high water mark, for over 3 years in a row..
As soon as President’s Lyndon Baines Johnson’s War on Poverty took effect (50 years ago) child poverty declined until Reagan cut taxes in 1981… After he raised them back in a now famous agreement with Tip O’Neil, as the economy grew, childhood poverty fell. Again after Clinton raised taxes in 1993, the poverty level dropped over the rest of his term, until George Bush and the Republicnas cut taxes again… Since those taxes were cut, the childhood poverty level has risen to the record levels it is near today….
Tax Cuts have repercussions that extend far beyond the wealthy getting more money back in taxes. Higher tax rates boost the working economy; lower tax rates shred it…….
It is imperative that tax rates get raised as quickly as possible so this current plateau, the first 3 year one ever, the one created by the inaction of Congress because Republicans put the Tea party iin control of hte House…begins to drop down the other side.
Time is running out. like global warming there will be a critical point we know is coming but where it comes we can’t predict. The same urgency and fear need applied to childhood poverty and education’s role in helping end it…