There are 16.4 million American children living in poverty. That's nearly one quarter (22.6%) of all of our children. More alarming is that the percentage of poor children has climbed by 4.5 percent  since the start of the Great Recession in 2007. And poor means poor. For a family of three with one child under 18, the poverty line is $18,400. Meanwhile, the stock market is booming. Banks, hedge funds and private equity firms are making tens of billions of dollars again , while the luxury housing and goods markets are skyrocketing.
Washington, DC – Generation Opportunity, a national, non-partisan youth advocacy organization, is announcing its Millennial Jobs Report for September 2013. The data is non-seasonally adjusted (NSA) and is specific to 18-29 year olds:
A new report from the Consumer Financial Protection Bureau (CFPB) found that many of the same types of loan servicing problems that affected consumers in the mortgage market are now affecting student loan borrowers. Just as troubled homeowners were often unable to pay their mortgages, refinance their loans, or receive timely assistance from loan servicers, many student loan borrowers are now experiencing many of the same difficulties. Although the report focuses on private student loans, some of the servicing problems identified also affect federal student loan borrows.
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