Child poverty in the United States more than doubled and median household income declined last year when coronavirus pandemic-era government benefits expired and inflation kept rising, according to figures released Tuesday by the U.S. Census Bureau.
At the same time, the official poverty rate for Black Americans dropped to its lowest level on record and income inequality declined for the first time since 2007 when looking at pre-tax income. However, income inequality increased when using after-tax income, another result of the end of pandemic-era tax credits, according to Census Bureau reports on income, poverty and health insurance.
The reports reflected the sometimes-conflicting factors last year buffeting U.S. households, which faced a robust jobs market, with the number of full-time workers increasing year-over-year, but also rising inflation and the end of pandemic-era stimulus benefits.
