U.S. median income dropped in 2020 and poverty rose, Census data shows

Summary by Reuters
The median U.S. household income decreased in 2020 and the poverty rate rose, according to a government survey released on Tuesday that helps to quantify how much Americans' finances were affected after the coronavirus pandemic severely disrupted the U.S. economy
8 months ago·Washington, United States

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Reuters

U.S. median income dropped in 2020 and poverty rose, Census data shows

The median U.S. household income decreased in 2020 and the poverty rate rose, according to a government survey released on Tuesday that helps to quantify how much Americans' finances were affected after the coronavirus pandemic severely disrupted the U.S. economy

8 months ago·United Kingdom
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The Guardian

US poverty fell in 2020 as government support offset pandemic damage

Figures released by Census Bureau showing drop in poverty rate to 9.1% bolster arguments about effectiveness of state intervention US poverty fell in 2020, evidence that government aid can lift millions of Americans out of poverty – even in a global health and economic crisis.The first months of 2020 were marked by unemployment levels unseen since the Great Depression, but the US supplemental poverty rate fell to 9.1% in 2020 from 11.7% the year…

8 months ago·London, United Kingdom
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The Independent

Census: Relief payments staved off hardship in COVID crash

The share of Americans living in poverty rose slightly as the COVID-19 pandemic shook the economy last year, but massive relief payments pumped out by Congress eased hardship for many

8 months ago·London, United Kingdom
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USA Today

Poverty rate rose, income fell last year amid COVID-19 pandemic and lockdowns

Incomes fell last year and more people lived in poverty\u00a0as the COVID-19 pandemic threw millions out of work. Median household income fell to $67,500,

8 months ago·United States
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abc News

Census: Relief payments staved off hardship in COVID crash

The share of Americans living in poverty rose slightly as the COVID-19 pandemic shook the economy last year, but massive relief payments pumped out by Congress eased hardship for many

8 months ago·United States
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CNN

Poverty rose to 11.4% in 2020 amid pandemic

Some 11.4% of Americans were in poverty last year, as the coronavirus pandemic raged across the nation, according to Census Bureau data released Tuesday. That compares to 10.5% in 2019, the lowest since records started in 1959.

8 months ago·Atlanta, United States
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