A New Study Says 8 Million Americans Slipped into Poverty Amid COVID-19 Pandemic
Blacks, Latinos and children fared the worst
The number of Americans living in poverty grew by 8 million since May, according to a Columbia University study, which found an increase in poverty rates after early coronavirus (COVID-19) relief ended without more to follow.
Although the federal CARES Act, which only gave some Americans a one-time stimulus check of $1,200 and unemployed workers an extra $600 each week, which expired, was successful at offsetting growing poverty rates in the spring, the effects were short-lived, researchers found in the study published Thursday.
After aid diminished toward the end of summer, poverty rates, especially those among minorities and children, rebounded, they said.
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