Since 1967, poverty rates have fallen from close to 26 percent down to 16 percent, the White House said. In 2012, 49.7 million of Americans lived in poverty, including 13.4 million children.
“In the richest nation on Earth, far too many children are still born into poverty, far too few have a fair shot to escape it, and Americans of all races and backgrounds experience wages and incomes that aren’t rising,” Obama said in a statement marking the anniversary of Johnson’s pledge.
Obama will make his formal announcement about the “promise zones” at 2 p.m. EST on Thursday.
He first spoke about the plan in his 2013 State of the Union speech, almost a year ago, pledging to focus government funding with private sector programs in 20 communities to create jobs, improve schools, beef up public safety, and create better housing.