Poverty Rose In 2022 As Inflation Surged, Pandemic Aid Terminated
In the aftermath of pandemic relief programs such as increased unemployment and nutrition benefits, greater rental assistance and the child tax credit — policies which the Biden administration allowed to expire in 2021 — Americans faced the largest one-year increase of poverty on record.
According to a report from the Census Bureau published on Sept. 12, the sharpest increase in poverty affected children, as child poverty more than doubled from a record low of 5.2 percent to now 12.4 percent. This was indicated by the Supplemental Poverty Measure, which “factors in the impact of government assistance and geographical differences in the cost of living.”