Monthly poverty increased in June & remained elevated in July
Monthly poverty rates increased from May to June and remained elevated in July. The monthly poverty rate for the total population in June was 14.7%, the highest rate observed so far in 2022.
Tax credits give income boost, but regular monthly cash payments would reduce poverty year round
The tax filing season is an important one for many families as it provides meaningful boosts to family income and a temporary dip in monthly poverty rates. However, in recent research we find that regular monthly cash payments would help reduce poverty year round.
3.4 million more children in poverty in February 2022 than December 2021
Monthly poverty remained elevated in February 2022, with a 14.4 percent poverty rate for the total US population and 16.7 percent for children.