US poor face economic hit as shutdown, childcare cliff, student loans converge
US poor face economic hit as shutdown, childcare cliff, student loans converge
Lower income households and Black and Latino communities will be hit hard when a confluence of U.S. economic events kick off next week, including a sharp drop in childcare funding, economists, analysts and government officials said.
About 12.4%, some 41 million, of the U.S.'s 333 million people live at or below the poverty line, the Census Bureau calculates, which is set at about $29,678 for a household of two adults and two chidren.
That rate fell to a record low in 2021 thanks to COVID-19 federal support, but has jumped as these programs expired.
Hardline Republicans in the House have rejected a deal the Republican-led House negotiated with U.S. President Joe Biden in May for $1.59 trillion in discretionary spending in fiscal 2024, paving the way for wide swaths of the government to shut down for the fourth time in a decade.
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Stop being poor for fuck sake. We got proxy wars and corporations to feed.