A thought experiment shows how poverty could drop in South Carolina
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Experts project record low poverty in 2021 resulting from COVID relief
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Experts project record low poverty in 2021 resulting from COVID relief
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Jason DeParle, The New York Times
Published: 29 Jul 2021 11:55 AM BdST
Updated: 29 Jul 2021 11:55 AM BdST Kathryn Goodwin with her children at their home in Saint Charles, Mo, on July 25, 2021. From left: Aliyah, 6; Vivian, 3; Xavier, 5; Evelyn, 2; and Chloe, 11. (Sarahbeth Maney/The New York Times)
The huge increase in government aid prompted by the coronavirus pandemic will cut poverty nearly in half this year from prepandemic levels and push the share of Americans in poverty to the lowest level on record, according to the most comprehensive analysis yet of a vast but temporary expansion of the safety net. );
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The number of poor Americans is expected to fall by nearly 20 million from 2018 levels, a decline of almost 45%. The country has never cut poverty so much in such a short period of time, and the development is especially notable since it defies economic headwinds the economy has nearly 7 million fewer jobs than it did before the pandemic.