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That cash infusion led the U.S. poverty rate to fall to 11.3% in January, from 11.8% in December, according to Bruce Meyer, James Sullivan and Jeehoon Han, who co-authored the report. That means about 1.6 million people fell from the ranks of the poor as the government began distributing payments. The reduction marks a turnaround from the growing hardship that emerged after CARES Act pandemic relief began to dry up last year. More than 8 million people fell into poverty between June and December, the researchers found. "Our latest poverty estimates, for January 2021, indicate that this relief...

Please verify your request* Advertisement More than 8 million people fell into poverty in the U.S. in the second half of 2020, according to a group of economists who say they have developed a new way to provide “near-real-time” estimates using Census data. In an analysis released last week, the economists – Jeehoon Han of Zhejiang University, Bruce D. Meyer of the University of Chicago, and James X. Sullivan of the University of Notre Dame – said that the poverty rate fell in the first six months of 2020, dropping from 10.8% in January to 9.3% in June, driven lower by the ge...

U.S. poverty jumps the most in 60 years By Megan Cerullo One-quarter of Americans in poverty or jobless Of the various measures of the coronavirus pandemic's comet strike on the U.S. economy, one especially reveals the size of the crater: Over a six-month period, nearly 8 million Americans have tumbled into poverty. The nation's poverty rate in November jumped to 11.7%, up 2.4 percentage points from 9.6% in June — the biggest one-year increase in the 60 years that the government has been keeping numbers, according to new research from three universities. James X. Sul...

ADVERTISEMENT THE BIG DEAL—Sweeping COVID-19, spending deal hits speed bumps: Negotiations over a $900 billion coronavirus relief bill are running into 11th-hour snags, threatening to push Congress into a rare weekend session. Lawmakers had hoped to clinch a sweeping deal, which would also fund the government through Oct. 1, on Wednesday after the top four congressional leaders signaled that they were closing in on an agreement following months of stalemate.  But instead, lawmakers and staff warned that — while they still thought they would get the agreement — the final stages of the ...