That translated to 37.2 million people in poverty, an increase of 3.3 million from 2019. The threshold for meeting the definition of poverty varies by household size and makeup....
For a typical four-person household, it was$ 26, 200 in 2020. The official poverty measure doesn’t reflect how much a household pays in taxes, and it also omits noncash government aid like tax credits, housing subsidies and free school lunches....
Refundable tax credits, such as the earned-income tax credit, did so
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2021-09-15 00:00:00.0