U.S. COVID-19 Relief Spending legislation helped push poverty to a new low.

COVID-19 Relief Spending Pushed Poverty To Record Low In 2021 The same bill getting all the blame for inflation gets some credit for reducing material hardship last year. YahooNews

WASHINGTON — Poverty fell to a new low last year thanks to new federal spending passed in response to the coronavirus pandemic, according to new federal data released Tuesday.

Extra unemployment benefits, stimulus checks and a monthly child allowance helped push the poverty rate to 7.8% in 2021, according to an annual Census Bureau poverty measure that accounts for tax benefits and stimulus payments. The rate had been 9.1% in 2020.

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