United States Government Reports Poverty Reduction During Coronavirus Pandemic

Poverty in USA decreased during 2020, a year marked by the pandemic of coronavirus and frequent shutdowns of the economy, thanks to massive economic stimuli from the government of Joe Biden.

The bailout policy of the new White House administration with cash payments to individuals and businesses to overcome the effects of the epidemiological crisis, boosted household income and reduced the proportion of Americans living in poverty, he said. this Tuesday in a statement the United States Census Bureau.

“Real median household income after taxes increased 4.0 percent between 2019 and 2020,” states government information.

He also highlighted that this is the first statistically significant decrease in median family income since 2011.

The report also explained that the reduction of poverty took into account the payment of these stimuli, so that development indicator fell to 9.1 percent, about 2.6 percentage points less than in 2019.

Government stimulus provided cash payments of $ 1,200 to most low- and middle-income Americans over the past year, lifting 11.7 million people in the U.S. out of poverty, according to reports. Census data.

However, if government aid is excluded, the poverty rate shows another result, not at all encouraging, since it would rise for the first time in six years to 11.4%.

That percentage means that another 3.3 million people in the United States will be part of the poor people statistics in 2020.

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