8 Million Americans Have Fallen Into Poverty Since May, New Study Finds

Approximately eight million Americans have fallen into poverty since early May, according to a new study conducted by Columbia University, .Researchers found that the poverty rate in September is worse than those in both April and May. The reasons behind the drastic increase in the poverty rate may be linked to the expired CARES Act that provided stimulus checks to American families.As explained in the study, the “pre-crisis levels” of poverty are due to “the expiration of the CARES Act’s stimulus checks and $600 per week supplement to unemployment benefits.”In similar research studies conduct…

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