Poverty fell in first months of pandemic

Published August 24, 2020 3:57pm ET



Poverty fell and incomes rose during the early months of the pandemic thanks to government relief, according to a new economic study, even as millions of people lost their jobs.

“Despite a dramatic slowdown in the labor market, our results indicate that poverty fell, and percentiles of income rose in the early months of the pandemic,” concluded the study, circulated Monday by the National Bureau of Economic Research.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.