Even as inflation remains high and COVID stubbornly persists, economic indicators show a potential for remarkable resiliency when the political will exists.
New data from the U.S. Census Bureau reveals that there were a whopping 45 million fewer Americans in poverty in 2021 than in 2020. In the midst of the worst global and national public health crisis of our time, the federal government’s supplemental poverty measure fell to its lowest measure on record.
Even more impressive, the child poverty rate fell by over half, driven primarily by the enhanced Child Tax Credit. The number of households with children experiencing hunger also fell in 2021.
Results like these aren’t miraculous — they’re the result of common sense federal investments.