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Stunning stat: Child poverty hit record lower in 2021

Child poverty in the us has dropped by a lot more than 80% since 1993.

  • Zoom in: The kid poverty rate was 27.9% in 1993, but fell to an archive low of 5.2% in 2021, in accordance with new census data.

Why it matters: Growing up poor affects every element of adult life, from health to wealth.

  • “Fewer children growing up in poverty is wonderful for the near future,” says Renee Ryberg, a co-author of a fresh report from Child Trends that digs in to the data. “It’s as simple as that.”
  • Not merely is there immediate improvements to the well-being of kids and families, additionally, there are long-term benefits for society, like lower rates of crime, lower healthcare costs and much more tax revenue.

Reality check: Pandemic-era expanded government benefits, from stimulus checks to an expanded child tax credit, were major drivers in reducing child poverty in 2020 and 2021.

  • Academics and advocates have raised concerns that some of these additional gains could be erased given that the expanded child tax credit has expired.

Still, most of the driving factors behind the drop in child poverty are long run.

  • They include lower unemployment, state-level minimum wage increases, a growth in single mothers’ participation in the workforce, and expansions of the back-up, the brand new York Times reports.

The picture as a whole: The decrease in child poverty has affected all poor kids in the U.S., per the kid Trends report.

  • The kid poverty rate has decreased atlanta divorce attorneys state.
  • And it’s really fallen by a comparable amount for Black kids, white kids, Hispanic kids, Asian kids, immigrants, and kids in one- or two-parent households.

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