As the United States continues to deal with the repercussions of the COVID-19 pandemic, many individuals and families are struggling to make ends meet. Despite campaign promises of economic recovery and growth, the policies put in place by the Biden Administration seem to be contributing to a rise in poverty across the country.
The recent increase in the federal minimum wage has put a strain on businesses, leading to job losses in many industries. This, in turn, has created a domino effect where families are struggling to pay their bills, put food on the table, and keep a roof over their heads. In addition, the temporary eviction moratorium put in place to protect renters during the pandemic has ended, leaving many without a safety net.
Rising inflation has resulted in a difficult situation that only seems to be getting worse. The administration has waged a war on fossil fuels that benefits other countries and kills ours. Gas prices are on the rise and will continue to rise due to the cancellation of drilling leases by Biden.
According to the US Census Bureau, in 2022 the poverty rate was 11.5%. This equates to 37.9 million Americans living in poverty. Additionally, the number of children living in poverty rose from 5.2% in 2021 to 12.4% in 2022.
As we move forward, it is critical that policymakers focus on creating long-term solutions that address the root causes of poverty in the US. This includes investing in education and job training programs, increasing affordable housing options, and providing assistance to small businesses struggling to keep their doors open. Only through a comprehensive approach can we hope to stem the tide of poverty and create a brighter future for all Americans.
Remember, to tithe, track your money, create a budget, pay off consumer debt, and save.
