Social Security, the child tax credit and stimulus checks helped lower the poverty rate to an all-time low of 7.8% last year, while the child poverty rate fell to an all-time low of 4.5%, according to the Census Bureau.
Poverty rates hit a record low by some measures in 2021, the Census Bureau found in a new report released Tuesday, thanks in large part to the direct aid provided in stimulus bills passed by Congress over the first year of the pandemic.that the poverty rate hit an all-time low of 7.8 percent last year, while the child poverty rate fell to an all-time low of 4.5 percent, according to the Supplemental Poverty Measure.
The programs that drove the largest reductions in poverty were Social Security, refundable tax credits like the expanded
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