News for hackers. Stuff that matters.

A comment on U.S. inflation rate rises to 13-year high of 5.4%. Parent comment

Re:U.S. inflation rate rises to 13-year high of 5.4% by tootie on Wednesday October 13, 2021 @10:38AM (#28852674)
But those checks were issued in the face of a massive spike in unemployment so they were just filling part of the gap left by missing wages.
[ Parent | on HN ]
Re:U.S. inflation rate rises to 13-year high of 5.4% by dionidium on Wednesday October 13, 2021 @10:51AM (#28852878)
Crucially, they exceeded the gap left by missing wages. Poverty in the U.S. actually fell last year.
[ Parent | on HN ]
Re:U.S. inflation rate rises to 13-year high of 5.4% by camel_Snake on Wednesday October 13, 2021 @03:50PM (#28856731)
Not sure which stat you are referring to, but if they are lumping child poverty in the general aggregate then a significant portion of that relief comes from the expanded Child Tax Credit.

https://www.cnbc.com/2021/08/25/child-tax-credit-lifted-3-mi...

[ Parent | on HN ]
Re:U.S. inflation rate rises to 13-year high of 5.4% by dionidium on Wednesday October 13, 2021 @04:51PM (#28857579)
I'm probably conflating the effects. Thanks for the correction.
[ Parent | on HN ]