One in fifty U.S. children are homeless

The Bush administration, which favored the rich and the financial crisis are to blame for the large number of homeless kids in the U.S., says Jeremy Rosen from the National Policy and Advocacy Council on Homelessness.

One in fifty American children are homeless, according to the National Center on Family Homelessness.

Its report looks at data from before the U.S. was hit by the economic crisis, but says the current situation could be a lot worse.