• One mind-boggling chart shows how government stimulus cut poverty by nearly half during the pandemic

    1 month ago - By Business Insider

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    New projections from the Urban Institute find the poverty rate will drop to 7.7% in 2021.
    The New York Times reported that would be a decline of about 45% from 2018.
    Researchers credited stimulus checks, federal unemployment benefits, and bulked-up food stamps.
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    The federal government embarked on a $6 trillion spending spree to keep individuals, businesses, and state governments afloat during the coronavirus pandemic - and it seems to have succeeded in lifting a lot of people out of poverty. Much of that cash led to the...
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