U.S. POVERTY RATE ROSE IN 2022 FOR FIRST TIME IN 13 YEARS, CHILD POVERTY DOUBLED

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Key Points:

  • In 2022, the U.S. poverty rate increased 4.6% from 2021 to 12.4% according to the Supplemental Poverty Measure (SPM), which looks at government programs and tax credits designed to help low-income families.
  • This was the first increase in the poverty rate in 13 years.
  • The poverty rate among children more than doubled from 5.2% in 2021 to 12.4% last year.
  • The Right Facts will continue to monitor poverty in the United States.
Source