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From Stimulus to Stagnation: An Unexpected Turn in US Poverty Fight

In 2023, America faced a paradoxical situation: despite rising incomes, the country’s poverty rate increased. According to Census Bureau data, the share of Americans living in poverty rose to 12.9%, up from 12.4% the previous year. This increase is linked to two key factors: inflation and the expiration of aid programs introduced during the COVID-19 pandemic. Although median household income rose to $80,610, reaching pre-pandemic levels, this proved insufficient to offset rising prices for food and other necessities. Children were particularly affected, with the poverty rate for those under 18 rising 1.3 percentage points to 13.7%. Experts note that the end of programs such as expanded tax credits for low-income families and additional nutrition assistance played a significant role in this increase. Social Security remains the most effective anti-poverty program, lifting 27.6 million people above the poverty line. However, this is not enough to compensate for the losses from the termination of other aid programs. submitted by /u/Aftermebuddy [link] [comments]

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Pearls of Wisdom or Buds of Deceit? Right-Wing Figures Baselessly Claim Harris Used Audio Earrings For Debate

In the aftermath of the highly anticipated presidential debate between Vice President Kamala Harris and former President Donald Trump, a storm of misinformation has taken center stage. Far-right figures on social media platforms have propagated unfounded claims that Harris used “audio earrings” to gain an unfair advantage during the debate. But did she get that advantage? Or someone ate it? submitted by /u/Aftermebuddy [link] [comments]

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Tether, TRON DAO and TRM Labs have teamed up to crack down on illegal activity with USDT.

Tether, TRON DAO and TRM Labs have unveiled the T3 Financial Crime Unit initiative. It aims to crack down on illegal activity with USDT on the TRON blockchain. This network accounts for half of the circulating supply of stablecoin. https://preview.redd.it/pzb9qshev7od1.png?width=733&format=png&auto=webp&s=7d7cb01d2015784801f38eb6c46eeb4d078c948b submitted by /u/Lor1al [link] [comments]

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Although the CPI inflation in August was 2.5%, inflation in many key goods and services is significantly higher, and Americans feel it through rising prices. Do you feel the inflation?

Auto insurance inflation: 16.5% Transportation inflation: 7.9% Hospital services inflation: 5.8% Homeowners’ inflation: 5.4% Rent inflation: 5.0% Auto repair inflation: 4.1% Inflation in food away from home: 4.0% Electricity inflation: 3.9% The US Dollar has lost 25% of its purchasing power since the pandemic. In other words, cash held without interest has lost 1/4 of its value. submitted by /u/FXgram_ [link] [comments]

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Report: 65% of investors are saving cryptocurrencies because of their long-term potential.

Gemini has released a report on cryptocurrency adoption. 6,000 people from the US, UK, France, Singapore and Turkey participated in the survey. According to the results, 65% of respondents keep cryptocurrencies because of their long-term investment potential. https://preview.redd.it/2drvg5siv5od1.png?width=667&format=png&auto=webp&s=b72318b2d14fcb14d7fac2233c1866a431645cb4 submitted by /u/Lor1al [link] [comments]

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