Bidenomics does work. We have the highest poverty rate for children in the last 14 years.
“A supplemental measure of child poverty jumped to 12.4% in 2022, according to Census Bureau data out Tuesday. The metric, which is based on after-tax income and includes government transfer payments like stimulus checks, more than doubled from a record low in 2021 but remained below pre-pandemic levels.
The latest figures illustrate a worrisome trend for families as prices continue to rise, stimulus payments fade and enhanced food and child-care programs expire. That is stripping many Americans of the advances seen during the pandemic and is already contributing to an increase in family homelessness.”
We are in trouble—are we better off today than we were four years ago.
Child poverty surges by most on record following expiration of benefits
A supplemental measure of child poverty jumped to 12.4% in 2022, according to Census Bureau data out Tuesday.
Free lunches are ready to be distributed to kids at the Tustin Family and Youth Center in Tustin on Friday, July 28, 2023. A partnership between Second Harvest Food Bank and Meals on Wheels OC is providing the no-cost lunches to kids at all Kids Cafe sites in Orange County through August.
By BLOOMBERG, San Bernardino Sun, 9/12/23 Augusta Saraiva, https://www.sbsun.com/2023/09/12/us-child-poverty-surges-by-most-on-record-following-expiration-of-benefits/?utm_email=95C3E5E4E4E5A580647814C571&lctg=95C3E5E4E4E5A580647814C571&active=no&utm_source=listrak&utm_medium=email&utm_term=Story+Button&utm_campaign=scng-sbs-breakingnews&utm_content=alert
US child poverty surged by the most on record last year following the expiration of unprecedented pandemic-era benefits.
A supplemental measure of child poverty jumped to 12.4% in 2022, according to Census Bureau data out Tuesday. The metric, which is based on after-tax income and includes government transfer payments like stimulus checks, more than doubled from a record low in 2021 but remained below pre-pandemic levels.
The latest figures illustrate a worrisome trend for families as prices continue to rise, stimulus payments fade and enhanced food and child-care programs expire. That is stripping many Americans of the advances seen during the pandemic and is already contributing to an increase in family homelessness.
The report “highlights that poverty in our country isn’t a personal failing, but rather a policy choice,” Melissa Boteach, vice president for income security at the National Women’s Law Center, said in a statement.
The Census report paints a gloomy picture of Americans’ financial situation and helps explain why for many people it already feels like a recession even as the economy powers ahead.
The overall supplemental measure of poverty also rose to 12.4%, and inflation-adjusted household incomes fell by the most in over a decade. Estimates for the supplemental measure have been released since 2011 with the data going back to 2009.
It would be amazing to discover that the family receiving those supplemental checks are making $ 300 dollar a month car payments or greater. It is more important to impress friends-neighbors and family rather than feed these children. We are rapidly evolving into a ” gimmee-I’m entitled ” nation. Just keep paying the rent ’cause I’m laughing all the way to the bank. Happiness is a positive cash flow.