You may have noticed a drastic decrease in child poverty over the last couple of years. Now, you’ll see a dramatic increase as pandemic-era social safety net programs ended.
Based on the latest report on U.S. poverty by the census, the supplemental child poverty rate more than doubled, from 5.2 percent in 2021 to 12.4 percent in 2022.
The U.S. Census Bureau measures poverty in two ways every year. The first, called the official poverty measure, is based on cash resources. The second measure, the Supplemental Poverty Measure (SPM), includes both cash and noncash benefits and subtracts necessary expenses (such as taxes and medical expenses).
The report explains, “Social Security continued to be the most important antipoverty program in 2022, moving 28.9 million people out of SPM poverty. Meanwhile, refundable tax credits moved 6.4 million people out of SPM poverty, down from 9.6 million people in 2021”.
Charts are from The New York Times.