Update to "Simulating the Effect of the 'Great Recession' on Poverty"

This paper is from the Brookings Institution, and authors provide an update to a September 2009 paper, which simulated the unemployment rate based on the data from 2009. Using recent data released by the Census Bureau, authors conclude that the recession is going to have a large impact on poverty for the next several years. The recent simulations reveal that the overall poverty rate could increase from 12.5 percent in 2007 to nearly 16 percent by 2014, and the child poverty rate could increase from 18 percent in 2007 to nearly 26 percent in 2014.