NYC Child Poverty Rate Hits Record High as Pandemic Aid Ends

Over half of the city's residents now live in poverty or as low-income, with a significant impact on minority communities.

New York City's poverty rate has soared, with one in four children now living in poverty, marking the largest single-year increase in a decade.
The end of pandemic-era aid, such as the expanded child tax credit and stimulus payments, has been identified as a major factor contributing to the rise in poverty.
Over half of New York City residents are either living in poverty or are classified as low-income, with minorities disproportionately affected.
A new report highlights the urgent need for policies that can effectively address and reduce poverty, emphasizing the success of past measures like the expanded child tax credit.
New York City Mayor Eric Adams has announced a controversial $53 million program to provide prepaid credit cards to migrant families, amidst growing concerns over the city's poverty levels.