Seven Lessons About Childhood Poverty
February 07, 2015
Instead of posting an infographic, as we usually do on Saturdays, we decided to mix things up this week and share a compelling presentation put together by journalist and author Jeff Madrick (Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World; Age of Greed: The Triumph of Finance and the Decline of America, 1970 to the Present), Clio Chang, and their colleagues at the Century Foundation, a progressive think tank here in New York City.
Built with an online tool called Creatavist, Seven Lessons About Childhood Poverty opens with a reminder that the official child poverty rate in the United States today stands at 20 percent, the second-highest among the world's developed countries. The presentation then segues into an articulation of seven "lessons" about childhood poverty in the U.S. — lessons formulated at the Century Foundation's Bernard L. Schwartz Rediscovering Government Initiative conference last June. They are:
- The Stress of Childhood Poverty Is Costly for the Brain and Bank Accounts
- Child Poverty Is Not Distributed Equally
- The Power of Parental Education
- Higher Minimum Wage Is a Minimum Requirement
- Workplaces Need to Recognize Parenthood
- Government Works
- Cash Allowances Are Effective
The length of a substantial blog post, each lesson includes downloadable tables and charts, a short video, and links to related materials.
So grab a mug of your favorite warm beverage, pull up a seat, and start reading. We're pretty sure that by the end of the last lesson, you'll agree with Madrick, et al. that "investment in early childhood is the best way to create a better economic life for all Americans."