Last night, 60 Minutes reported on the sharp increase of children living in poverty with a story titled, “Homeless Children: The Hard Times Generation.” Census data showed that 47.8 million Americans–15.7% of the U.S. population–lived in poverty in 2009 [see our related post, “Revised Census Numbers Show More Americans Living in Poverty”].
We know that there is a widening income gap between high-income and middle-class families, and we also know that poverty can suppress a child’s potential to excel. As we have seen in our experiences, poverty creates stress for children and can impede their ability to thrive in school. As the children in story explain, it’s hard to study at home when the electricity has been turned off.
From the story:
The government considers a family of four to be impoverished if they take in less than $22,000 a year. Based on that standard, and government projections of unemployment, it is estimated the poverty rate for kids in this country will soon hit 25 percent. Those children would be the largest American generation to be raised in hard times since the Great Depression.
City Connects Blog 
Let me get this straight. Even by a ridiculously low amount of $22,000 for a family of four, we are at 25% of children living in poverty. Furthermore, we can’t even blame this on the recession as this has been going on for years now. The only hopeful thing here is that these children will grow up to be much more compassionate and ethical than the current Randians running around.