Federal stimulus checks kept 12.4 million people out of poverty in 2021

In an update to their work published earlier in 2021, Urban Institute researchers predict a poverty rate of 7.7 percent for 2021. The researchers incorporated into their model economic improvements, state-level pandemic policies, and expected employment and income levels, along safety net benefits like unemployment insurance, tax credits, state “back to work” bonuses, and federal and state stimulus checks to support this full picture of poverty in the United States. The work finds that the federal stimulus checks have had a larger antipoverty impact than any other program, alone keeping 12.4 million people out of poverty in 2021. #covid-19 #racialequity

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