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Stimulus Payments Kept Many Americans Out Of Poverty

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(Washington D.C.) The U.S. Census Bureau has released new data showing that the federal stimulus payments helped keep millions of Americans out of poverty last year.

According to a report released this week, poverty levels rose to 11.4% in 2020, but the first two rounds of stimulus payments ended up keeping roughly 11.7 million Americans out of poverty, for an adjusted Supplemental Poverty Measure of just 9.1%.

A total of 37.2 million people in the U.S. were in poverty in 2020, up 3.3 million from the previous year.

 

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