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Elwood P Dowd

(11,443 posts)
Sat Jan 30, 2021, 02:56 PM Jan 2021

Poverty spiking at highest rate since the 1960s, and what are the republicans doing about it -

everything they can to block Biden from doing something to stop it. They want it to spike even more so they can blame Biden and the Democrats for another economic disaster they created.

https://www.newsweek.com/us-records-worst-poverty-spike-since-1960s-black-americans-hit-hardest-1564296

U.S. Records Worst Poverty Spike Since 1960s, Black Americans Hit Hardest

The U.S. recorded its sharpest spike in the poverty rate since the 1960s, with 8 million Americans being added to the government designation of poor by the end of 2020.

The U.S. poverty rate rose by 2.4 percentage points during the final months of 2020 amid the ongoing coronavirus pandemic and lingering economic stagnation. Economists from the University of Chicago and University of Notre Dame said the nation saw the largest annual increase in poverty in nearly 60 years.

Black Americans were hit the hardest during this time period. The poverty rate for Black Americans jumped by 5.4 percentage points, meaning that about 2.5 million more Black individuals are now considered poor by official government classification. The overall U.S. poverty rate, according to this latest study, sat at about 11.8 percent in December 2020.

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