The poverty rate in the United States increased last year, the first increase in 13 years, according to the Census Bureau.
In 2022, the poverty rate was 12.4%, up 4.6% from 2021, according to the Supplemental Poverty Measure , which looks at government programs and tax credits designed to help low-income families,The expiration of pandemic programs, including refundable tax credits and stimulus payments, at the start of 2022, led to an increase in the SPM over the official poverty rate, the census reported.
The increase in the child poverty rate comes after the child tax credit expansion ended on Dec. 31, 2021. Before the child tax credit expansion, one in three children around the country were not eligible for the full Child Tax Credit because the income of their families was too low,President Biden, who had touted the enhanced child tax credit as cutting child poverty in half, sharply criticized congressional Republicans Tuesday for not extending the child tax credit, saying today's numbers on child poverty are a consequence of their refusal to extend the credit.
Social Security lifted 28.9 million people out of SPM poverty last year, according to census data. In its report, the Census Bureau said Social Security was the "most important antipoverty program in 2022."
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