Somewhat unsurprisingly, child poverty
rates have increased dramatically in the countries worst affected by the financial crisis. Since the collapse of its banking system in 2008, Iceland has recorded a 20 percent increase in child poverty which now stands at 32 percent. Austerity ravaged Greece is close behind with a 17.5 percent increase between 2008 and 2012, bringing the overall rate to a gloomy 40.5 percent. During the same four year timeframe, child poverty in the United States
went up 2 percent, reaching 32 percent by the end of 2012.