The overall Supplemental Poverty Measure slightly increased from 12.4% in 2022 to 12.9% in 2023. But child poverty rose faster than that, from 12.4% to 13.7%.
According to the report, refundable tax credits for parents... lifted 3.4 million children - and 6.4 million people total - out of poverty in 2023.
The obvious answer to reducing poverty is to increase assistance to the poor," Steven Durlauf... said, highlighting the significant impact of the Child Tax Credit.
That credit was made fully refundable and bolstered to $3,600... under President Joe Biden's American Rescue Plan, and led to a dramatic decrease in child poverty.
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