America Counts: Stories Behind the Numbers The more than $400 billion in two rounds of stimulus payments the government distributed during the pandemic helped lift 11.7 million people out of poverty in 2020, according to the Supplemental Poverty Measure (SPM) released earlier this week. The Census Bureau publishes SPM, an alternative to the official poverty measure that incorporates the value of noncash government transfers, taxes and necessary expenses into the resources a family has available to meet its basic needs. With the recent release of income, poverty, and health insurance coverage statistics, the Census Bureau adds to the voluminous amount of data previously released that help to measure topics related to equity. These data show how different segments of the population are making gains or are impacted by the pandemic or the recent economic recession. |
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