8,000,000 Americans slipped into poverty amid coronavirus pandemic, study finds.
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The number of Americans living in poverty grew by 8 million since May, according to a Columbia University
study, which found an increase in poverty rates after early
coronavirus relief ended without more to follow.
Although the federal Cares Act, which gave Americans a one-time stimulus check of $1,200 and unemployed workers an extra $600 each week, was successful at offsetting growing poverty rates in the spring, the effects were short-lived, researchers found in the study published Thursday.
After aid diminished toward the end of summer, poverty rates, especially those among minorities and children, rebounded, they said.
A family of four earning $26,200 a year or less is considered living below the poverty line, according to the U.S. Department of Health and Human Services. The total number of people in the U.S. living in poverty is 55 million, including the 8 million who joined their ranks since May, according to the Columbia researchers.
8 million Americans slipped into poverty amid coronavirus pandemic, new study says