People wait in line at a food distribution site in the South Bronx on March 10, 2021 in New York.Poverty declined in 2020 by one measure following large amounts of federal aid enacted due to the coronavirus pandemic, including stimulus checks and enhanced unemployment benefits.
The so-called supplemental poverty rate, which adds in government assistance to low-income individuals, declined to 9.1% in 2020 from 11.8% in the previous year, according to aIt's the lowest since this particular statistic was first published in 2009. The poverty threshold for a family of four in 2020 was income below $26,496.
To be sure, the official poverty rate, which does not include any government aid, increased slightly to 11.4% in 2020 from a record low of 10.5% in 2019,Still, the fall in the supplemental rate means that government aid put in place during the coronavirus pandemic and ensuing economic recession – the worst since the Great Depression – lifted millions of Americans out of poverty last year.
CNBC Pretty Racist picture you used NBC,assuming all unemployment is from black people.
CNBC So if everyone goes on unemployment poverty would be eliminated right?
CNBC You can buy people in this country with 300 a month!! People is so cheap lately
CNBC Oh, the magic of government numbers and MSN
CNBC But now they’re going to raise it 2x with inflation. Good going guys👍🏻
CNBC For now. Wait till the end of this year when nobody is working and people are homeless. We will be wishing for 2020 again...
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