8 Million More Americans in Poverty Since May

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The number of people living in poverty in the U.S. has increased by 8 million since May, researchers from Columbia University have found, despite the $2 trillion coronavirus relief package passed earlier this year, The New York Times reports.

The researchers note that the Coronavirus Aid, Relief, and Economic Security Act “was successful in offsetting potential increases in poverty” due to the widespread lockdowns caused by the coronavirus pandemic, “but was not successful in preventing a rise in deep poverty.”

The stimulus checks and unemployment benefits “lifted more than 18 million people out of poverty in April, but this number fell to around 4 million people in August and September after the expiration of the CARES Act’s $600 per week unemployment supplement.

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{Matzav.com}

1 COMMENT

  1. I have been pushed in poverty. Want to know why? One can’t do any business if people are dead. This is what really devastated the economy, and we are not seeing yet the effects of countless genial minds left dead or impaired. The medical profession in particular has been heavily hit. The uber-rich will always find a good doctor. When we will get sick, we will be left to use ivermectin.

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