Homeless children: the hard times generation

Source: Scott Pelley, 60 Minutes (CBS) video

Unemployment improved a bit last month but it is still nearly nine percent and the trouble is job creation is so slow, it will be years before we get back the seven and a half million jobs lost in the Great Recession. American families have been falling out of the middle class in record numbers. The combination of lost jobs and millions of foreclosures means a lot of folks are homeless and hungry for the first time in their lives.

One of the consequences of the recession that you don’t hear a lot about is the record number of children descending into poverty.

Watch the video: Homeless children: the hard times generation

 

Tags/Keywords

mortgages, financial

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