‘Incredible’: Covid Stimulus Funds Reduced Overall US Poverty in 2020
Despite the Covid-19 pandemic and ensuing spike in unemployment, poverty in the U.S. declined by roughly 2.6% from 2019 to 2020 as a result of the federal government’s expansion of the social safety net, new data released Tuesday shows. For the first time since 2011, median household income decreased last year, and the… Read more…