Hundreds of needy people line up around the block to receive food from embattled 14th District Los Angeles City Council member Kevin de León, during a free food distribution outside his council office in Los Angeles Thursday, Sept. 21, 2023. Allen J. Schaben-Los Angeles Times/ Getty Images
Ney is the author of American Inequality and was previously a macro policy strategist at the Federal Reserve
The U.S. poverty rate saw its largest one-year increase in history. 12.4% of Americans now live in poverty according to new 2022 data from the U.S. census, an increase from 7.4% in 2021. Child poverty also more than doubled last year to 12.4% from 5.2% the year before.
The U.S. poverty level is now $13,590 for individuals and $23,030 for a family of three. The new data shows that 37.9 million people lived in poverty in 2022.
Hundreds of needy people line up around the block to receive food from embattled 14th District Los Angeles City Council member Kevin de León, during a free food distribution outside his council office in Los Angeles Thursday, Sept. 21, 2023. Allen J. Schaben-Los Angeles Times/ Getty Images
Ney is the author of American Inequality and was previously a macro policy strategist at the Federal Reserve
The U.S. poverty rate saw its largest one-year increase in history. 12.4% of Americans now live in poverty according to new 2022 data from the U.S. census, an increase from 7.4% in 2021. Child poverty also more than doubled last year to 12.4% from 5.2% the year before.
The U.S. poverty level is now $13,590 for individuals and $23,030 for a family of three. The new data shows that 37.9 million people lived in poverty in 2022.
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