Half Our Public School Students Are Officially Poor
U.S. Department of Education statistics reveal that the number of homeless children enrolled in public schools rose 10% in the 2011-12 academic year from the year before, bringing the number to a record high of more than 1.1 million. This is a 72% increase since the 2006-07 school year -- just before the Great Recession.
In particular, 43 states have experienced consecutive annual increases in youth homelessness since the onset of the recession, with 10 states reporting increases of 20% or more.
Worse yet, these statistics are probably an underestimate of the nation's homeless children; they don't consider infant and toddlers, or children not identified as homeless by school officials. Additionally, some students may not be included in the Education Department statistics because although they are eligible for aid for the homeless through their schools, their families are ineligible through the US. Department of Housing and Urban Development.
In addition to the recession, other contributing factors to the rise of low-income and homeless students likely include parental unemployment or underemployment and stagnant wages coupled with increases in living expenses and inflation, as well as immigration and a higher birthrates among low-income families.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts