Expiration of Pandemic Relief Led to Record Increase in Poverty and Child Poverty in 2022
Posted by Center for Budget and Policy Priorities on June 18, 2024
The Center for Budget and Policy Priorities (CBPP) released an analysis on how the expiration of pandemic relief lead to increases in poverty and child poverty. In 2022, both overall poverty and child poverty in the United States experienced the largest recorded increases since 1967, reversing the significant progress made during the COVID-19 pandemic. Federal pandemic relief programs had reduced the poverty rate to a historic low of 8.0% in 2021, but the rate rose to 12.4% after the expiration of these supports. The number of people living in poverty fell by 14.5 million between 2019 and 2021, but rose by the same amount in 2022. CBPP found the expiration of the expanded Child Tax Credit and other relief measures led to an increase of 5 million children living in poverty in 2022 compared to the previous year, highlighting the impact of policy decisions on poverty rates.
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