McDonald's, Chipotle To Spike Prices In CA, Blaming Minimum Wage Hike - Across California, CA - "We are definitely going to pass this on," Chipotle's CEO said of California's new $20 minimum wage for fast food workers.
WASHINGTON (Reuters) -Inflation-adjusted income fell and a key poverty measure rose sharply last year as the U.S. economy continued its rocky emergence from a once-in-a-century pandemic, the U.S. Census Bureau reported on Tuesday. The income and poverty data released by the Census showed how deeply the country's recent economic outcomes were influenced by the COVID-19 health crisis and the government response to it with a measure of child poverty more than doubling following the expiry of pandemic-era child tax credits last year, and the worst inflation in 40 years undercutting household spending power. The child poverty rate, based on a supplemental measure that adjusts for government benefits and household expenses, jumped to 12.4% in 2022 from 5.2% in 2021.
U.S. poverty rose over the last year, with child poverty more than doubling, the U.S. Census Bureau reported Tuesday, while the proportion of people lacking health insurance in 2022 dropped to an uncommonly low level. The new figures reflect the uneven pace at which the government has ceased some forms of pandemic assistance as well as the calamitous effects of record inflation on household finances. Tuesday's data offer the first statistical snapshot of how the wind-down of such programs has be
More than 37 million people live in poverty in US, data shows chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.