In today’s blog, Julian Omidi discusses the current epidemic of Child Poverty in the US.
America 2nd Highest Child Poverty Rate in Industrialized World
The U.S. Census reported last month that 1 in 5 children are on food stamps. That means, a total of about 15 million U.S. children are living below the poverty level. That’s only a total of $24,000 in annual income for a family of four. This highlights the sad fact that the U.S. is ranked second for having the highest level of child poverty in the 35 industrialized nations. The question is, are we making progress?
Before the housing crash of 2007, a total of 1 in 8 children were receiving food stamps. So, it would appear we have made progress seeing how those numbers are down. However, in 2014 a total of sixteen million children received food-assistance program benefits compared to only nine millions in 2007. What is the impact of these startling statistics?
Impact of Child Poverty in the U.S.
What is so alarming about these statistics, is that the top 1% of American income earners are on track to own most of the world’s wealth by 2016. Yet, we only out rank Romania when it comes to child poverty? Let’s examine the implication of child poverty has for the future of our country.
The implications associated with child poverty cost a total of 3.8% of the GDP. That is roughly a half a trillion dollars a year. This is because of lost productivity, as well as health and crime costs.
Since 2007, the rate of children living with married parents who receive food stamps has doubled! This clearly shows that the problem, if not addressed, will only substantially get worse. We must do something.
Relieving Child Poverty as a Country
We can no longer turn a blind eye to this topic. The astronomical income gap is making it too apparent that some families are disadvantaged, and their children will need help. If you look towards our capital, there are huge debates on the solution. Both sides want the solution, but are unable to work together on the solution. We must advocate for these little ones in hunger. They, after all, are our nation’s future. If we do not find a way to alleviate these statistics, more children will grow up disenfranchised. That will lead to more cost to the government in the future due to likely costs from crime and poverty relief.
If we can learn to work together, we could be on our way to healing our nation as a whole. Individually, we all can make a difference by working with various charitable organizations that help feed hungry children, whether you donate your time or volunteer. You can also get involved in the political process, by writing you representatives and asking them to take action. There is no reason that a nation as great as America should be ranked second in child poverty.
Be good to each other,
(Julian Omidi, along with his brother, Dr. Michael Omidi, and mother, Cindy Omidi, are philanthropists who founded various charitable organizations including No More Poverty.)