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Incredible news: Child poverty in America has fallen 59% since 1993

Increases in the social safety net played a big role.

via Pixabay

Siblings holding hands and looking toward a bright future.

A wonderful piece of news has come out of the blue that will change a lot of people’s perceptions about America’s future and how we tackle complex economic issues. A new report by The New York Times and Child Trends shows that child poverty dropped a whopping 59% percent in the United States between 1993 and 2019.

The poverty rate dropped an additional 10% in 2020 due to aggressive, albeit temporary, COVID-19 aid measures. If those numbers were included in the study, the child poverty rate would be 69% lower.

“This is an astounding decline in child poverty,” Dana Thomson, a co-author of the Child Trends study, said according to The New York Times. “Its magnitude is unequaled in the history of poverty measurement, and the single largest explanation is the growth of the safety net.”

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