General World News

One mind-boggling chart shows how government stimulus cut poverty by nearly half during the pandemic

coronavirus relief bill cares act stimulus check

Summary List Placement

The federal government embarked on a $6 trillion spending spree to keep individuals, businesses, and state governments afloat during the coronavirus pandemic — and it seems to have succeeded in lifting a lot of people out of poverty.

Much of that cash led to the biggest expansion of the social safety net in generations, helping people keep food on the table and make rent payments.

New research from the Urban Institute shows how the emergency relief programs led to one of the biggest major reductions in poverty.

Their analysis finds that without government programs such as stimulus details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com