Essential expenses such as medical care and taxes contributed to poverty in the United States last year.
The U.S. Census Bureau has revealed the top expenses that push Americans into poverty.A new article released by the bureau on November 14 said that medical expenses, payroll taxes, work and child-care expenses all contributed to pushing people into poverty in 2023, while a range of government benefits helped a substantial number of Americans stay out of financial hardship.
However, there are several antipoverty and welfare measures that have helped millions. Social Security, which forms the bedrock on which millions of Americans fund their retirement plans as well as providing disability and survivor payments and is by far the biggest government benefit scheme, kept 27.6 million people out of poverty in 2023.
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