Largest Increase In U.S. Poverty Recorded In 2020

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The poverty rate in the United States surged from 9.3% in June to 11.7% in November, according to a report—the largest increase in poverty recorded

Despite the country's official unemployment rate falling by 40%, from 11.1% in June to 6.7% in November, poverty steadily climbed each month over this period, with a total of 7.8 million Americans descending into poverty. a nationally representative survey of about 60,000 households each month.

, Black Americans, children and those with a high school education or less have disproportionately been impacted. Poverty rates for Blacks have risen by 3.1% since June. The poverty rate for individuals without a college degree has climbed from 17% in June to 22.1% in November. ApproximatelyThe study notes that poverty rates may continue to soar due to the expiration of additional benefits later this month.

 

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Meanwhile... Brazil virus payout cuts extreme poverty to least in decades - ABC News via ABC -

And all trump cares about is himself

Can't be...government says we've fully recovered economically. :/

Onward and upward. Markets luv these stats, only means that more gov’t $$ is coming

For those of you that are not good at math. That’s over 25% increase.

26k is the poverty line for a family of four That's barely enough for one adult.

And the feds respond with $600/person aid. Entire Congress needs to lose their pay, perks, homes, food & vaccines.

😷

and china is 2%, thanks to china-American trade imbalance

I belong to a nation not made with human hands. What about you?

hope everything goes back normal soon!

Thanks to the swamp!

What about India

Thank God politicians haven't missed a paycheck

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