The child poverty rate surged from 12.4 percent in 2022 to 13.7 percent in 2023, according to the Census Bureau
The child poverty rate has hit a five-year high in America as families continue to deal with high prices for groceries and housing.That rate surged from 12.4 percent in 2022 to 13.7 percent in 2023, according to a Census Bureau report, despite real median household income growing by 4 percent during the same period. The nation's official poverty rate fell 0.4 percentage points to 11.1 percent.
'It's like we're driving a fancy sports car but left some of the kids behind at the gas station.'The end of pandemic support programs is likely a large factor in the growing child poverty rate, he said. Families got extra financial support from the expanded child tax credit, which was mostly responsible for bringing child poverty down to an all-time low of 5.2 percent in 2021. In 2020, the child poverty rate was 9.7 percent, in 2019 it was 12.6 percent, and in 2018 it was 16.
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