50% Poverty Rate for Black Children?

[Economic Policy Institute] President Lawrence Mishel [predicts] that, even using conservative forecasts for future job loss, the poverty rate for children could increase from an already high 18% -- where it stood in 2007 -- to more than 27% by next year.

Poverty among African American children, currently at a staggering 34.5%, could reach 50% before the employment picture starts to turn around.