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Poverty increased in 2022 as wages fell and inflation…
A measure of poverty tracked by the Census Bureau rose in 2022, as COVID era benefits expired and average income fell, according to a Tuesday report. Why it matters: Child poverty saw a sharp increase in 2022 following a record low the year prior. Driving the news: While the official poverty rate (considered an outdated measure) didn’t see a significant change from 2021 to