The New York Times reports that new data shows the number of young and poor families in the country increased in 2010. According to the Times : More than one in three young families with children were living in poverty last year, according to an analysis of census data by the Center for Labor Market Studies at Northeastern University. At 37 percent, it was the highest level on record for the group, surpassing the previous peak of 36 percent in 1993, according to the analysis by Ishwar Khatiwada, an economist at the center.
“„More than one in three young families with children were living in poverty last year, according to an analysis of census data by the Center for Labor Market Studies at Northeastern University.
“„At 37 percent, it was the highest level on record for the group, surpassing the previous peak of 36 percent in 1993, according to the analysis by Ishwar Khatiwada, an economist at the center. By comparison, the rate was about 25 percent in 2000.
“„The change is evidence of shifting policy priorities that are putting the next generation at risk at a time when competition in the labor market has never been tougher, said Andrew Sum, an economics professor at Northeastern and the director of the center.
“„“Young families with children are now six times as likely to be poor as elderly families,” Professor Sum said. “This is a major generational change. From a public policy standpoint, we should be very deeply troubled by this.”
“„Economists cited several reasons for the rise. First was the economy. College degrees hold greater value now, while opportunities for low-skilled workers have dwindled, as manufacturing and other industries have declined. That has pushed more young families into poverty.