Friday, January 24, 2025

US poverty rate in 2021 to be 13.7 percent: Urban Institute

Latinos and African descendants are the most affected

Pamela Cruz. Pen sula 360 Press [P360P].

The non-profit organization, Urban Institute, projects an overall poverty rate for 2021 in the US of 13.7 percent, meaning that approximately one in seven Americans will have annual household resources below the poverty line, with African-American and Latino communities being the hardest hit.

The above is after taking into account all the usual safety net benefits, taxes and tax credits, as well as benefits from Unemployment Insurance and the Supplemental Nutrition Assistance Program (SNAP).