Child Tax Credit Contributes to 46% Reduction in Poverty
On Tuesday, September 13th, the U.S. Census Bureau released new poverty data. Child poverty, calculated by the Supplemental Poverty Measure (SPM), fell to its lowest recorded level in 2021, declining 46% from 9.7% in 2020 to 5.2% in 2021. The Census Bureau noted that this sharp decline was, in part, "due to the impact of