Fannie and Freddie got a bit of a hand-up, but it looks like the more than 13 million children living in poverty in the United States may have to wait — the new Census data shows the child poverty rate climbed to its highest level since 1998, while government investment in kids has dropped by ten percent in the past five years.

Census Shows Rise in Poverty Rate: Last year, the child poverty rate hit its highest level since 1998, according to the Census Bureau’s Current Population Survey data released in August. In 2007, more than a third of black children and over a quarter of Latino children were poor, compared to 1 in 10 non-Hispanic white children. Although household incomes increased in the United States for the third straight year, the overall poverty rate did not change.