Photo credit: khteWisconsin/Flickr

Young and Poor in America

Some 46 million people (a number representing more than 15 percent of the population) in the nation now live below the poverty line. Dismal figures released by the Census Bureau last week not only brought news of a record number of poor living in poverty in the United States, they also revealed that young people have suffered more than any other group during the nation’s economic downturn. Young people between the ages of 15 and 24 saw their family’s income fall 15.3 percent between 2007 and 2010, the most precipitous decline of any group. They were followed by those aged 45 to 54, who witnessed a fall off of 9.2 percent, while those 65 and older saw incomes rise by more than 5 percent, according to the Census. Poverty experts have good reasons why the young have absorbed much of the pain.