8 Million Have Slipped Into Poverty Since May as Federal Aid Has Dried Up - The New York Times - 0 views
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WASHINGTON — After an ambitious expansion of the safety net in the spring saved millions of people from poverty, the aid is now largely exhausted and poverty has returned to levels higher than before the coronavirus crisis, two new studies have found.
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The number of poor people has grown by eight million since May, according to researchers at Columbia University, after falling by four million at the pandemic’s start as a result of a $2 trillion emergency package known as the Cares Act.
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The Cares Act included one-time payments for most households — $1,200 per adult and $500 per child — and a huge expansion of unemployment insurance.
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