Fresh data from the 2022 U.S. Census Bureau reports is now available.
The supplemental poverty measure, accounting for government benefits and taxes, surged from 7.8% to 12.4%. Child poverty more than doubled due to the expiration of the expanded child tax credit, putting over 5 million more children into poverty.
When it comes to median income, there was a 2.3% drop last year, primarily seen in white, non-Hispanic households. Black household incomes held relatively steady over the same period.
On the healthcare side, the uninsured rate in the U.S. fell to a new low of 7.9%, marking progress in healthcare coverage.
So what does this all mean? Government policies, especially targeted tax benefits, have a massive impact on poverty rates and economic well-being.
Will these significant statistics drive policymakers to create more targeted and effective economic policies?
Click play to listen to the report from AURN White House Correspondent Ebony McMorris. For more news, follow @E_N_McMorris & @aurnonline.
