Philadelphia has the highest poverty rate among the nation's 10 largest cities, and in response, the city has developed a plan it hopes can start to break the cycle.
Dubbed the Shared Prosperity Philadelphia plan, which was detailed Thursday, shows that more than 430,000 out of the city's 1,547,600 population, or 28 percent, live below the poverty line. Among those affected, 39 percent of children are poor, according to the report.
For a single person, the federal poverty line is $11,490. For a family of four, the line sits at $23,550, according to FamiliesUSA.org.
High poverty can cause ancillary issues, such as high taxes and loss of prospective businesses interested in relocating here, according to the report.
So the city's goal is for governmental, private and philanthropic agencies to help poverty-stricken residents access benefits offered by the federal government, work toward job creation and push impoverished children toward the classroom.
“Poverty is a persistent and devastating problem in Philadelphia. It affects children, families and seniors and limits the potential of our great city’s economy, communities and thousands of citizens,” said Mayor Michael Nutter in a news release.