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Government Assistance Lifts 45.4 Million Out of Poverty in 2021 [1]

['U.S. Census Bureau', 'Us Census Bureau', 'John Creamer']

Date: 2023-06-13 13:06:58.824000-04:00

The U.S. official poverty rate was 11.6% in 2021, while the Supplemental Poverty Measure (SPM) dipped to 7.8%, its lowest point on record, according to U.S. Census Bureau data released today.

Each year, the Census Bureau releases two poverty estimates to provide a snapshot of economic well-being in the United States: the official poverty measure and the SPM. In 2021, the official poverty rate was not statistically different from 2020. The 2021 SPM rate, however, was 1.4 percentage points lower.

The difference in estimates shows how taxes and noncash government programs can help lift more people out of poverty.

The official poverty measure defines resources as pretax money income, which includes income sources such as earnings and social insurance programs like Social Security [PDF], Supplemental Security Income (SSI) and unemployment benefits.

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[1] Url: https://www.census.gov/library/stories/2022/09/government-assistance-lifts-millions-out-of-poverty.html

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