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But those checks were issued in the face of a massive spike in unemployment so they were just filling part of the gap left by missing wages.
by tootie 5y ago
But those checks were issued in the face of a massive spike in unemployment so they were just filling part of the gap left by missing wages.
- dionidium 5y agoCrucially, they exceeded the gap left by missing wages. Poverty in the U.S. actually fell last year.
- camel_Snake 5y agoNot sure which stat you are referring to, but if they are lumping child poverty in the general aggregate then a significant portion of that relief comes from the expanded Child Tax Credit. https://www.cnbc.com/2021/08/25/child-tax-credit-lifted-3-million-kids-from-poverty-in-july.html https://www.cnbc.com/2021/08/25/child-tax-credit-lifted-3-mi...
- dionidium 5y agoI'm probably conflating the effects. Thanks for the correction.