U.S. sees biggest yearly jump in poverty rate in 60 years
By historical standards, poverty levels in the United States remain low, but the country has seen the biggest jump in poverty in a single year since the government began tracking such information 60 years ago, The Washington Post reports.
New data released Wednesday by researchers at the University of Chicago and the University of Notre Dame shows the poverty rate increased to 11.7 percent in November, up 2.4 percentage points since June, marking the fifth straight month of incline. In that time span, around 7.8 million Americans have fallen below the poverty line, or an income of $26,200 for a family of four.
Not only is the rise the largest in several decades, it is also nearly double the second-biggest increase, which occurred between 1979 and 1980 during the oil crisis, the Post reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Notre Dame and University of Chicago economists say the situation, unsurprisingly, stems from the coronavirus pandemic and the tough labor market it has created, as well as the fact that government aid is dwindling. A solution to either would help — when Congress passed the CARES Act in the spring and sent stimulus checks to Americans, poverty actually decreased — and it looks like a new relief bill is the more realistic goal. "Given the state of the virus, I wouldn't bet on significant improvement in the labor market in the short run," James Sullivan, a professor at Notre Dame, told the Post.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.
-
'Elevating Earth Day into a national holiday is not radical — it's practical'
Instant Opinion Opinion, comment and editorials of the day
By Harold Maass, The Week US Published
-
UAW scores historic win in South at VW plant
Speed Read Volkswagen workers in Tennessee have voted to join the United Auto Workers union
By Peter Weber, The Week US Published
-
Today's political cartoons - April 22, 2024
Cartoons Monday's cartoons - dystopian laughs, WNBA salaries, and more
By The Week US Published
-
Puffed rice and yoga: inside the collapsed tunnel where Indian workers await rescue
Speed Read Workers trapped in collapsed tunnel are suffering from dysentery and anxiety over their rescue
By Sorcha Bradley, The Week UK Published
-
More than 2,000 dead following massive earthquake in Morocco
Speed Read
By Justin Klawans Published
-
Mexico's next president will almost certainly be its 1st female president
Speed Read
By Peter Weber Published
-
North Korea's Kim to visit Putin in eastern Russia to discuss arms sales for Ukraine war, U.S. says
Speed Read
By Peter Weber Published
-
Gabon's military leader sworn in following coup in latest African uprising
Speed Read
By Justin Klawans Published
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
By Peter Weber Published
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
By Justin Klawans Published
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
By Peter Weber Published