Poverty Spikes To 1960's LevelSubmitted by emalvini on Wed, 04/03/2013 - 09:17
Poverty Spikes To 1960's Level
PUBLISHED: 14:03 EST | 2 April 2013 | UPDATED: 14:05 EST.
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.