The Alarming Number of Low-Income Americans in Poverty: What You Need to Know

📉11.6% of the American population is currently living in poverty, which translates to 38 million people.

👵Out of the 38 million people in poverty, 10 million are seniors aged 65 and older.

💰Raising benefits for fixed-income beneficiaries, such as Social Security, by $200 per month could lift millions out of poverty.

🏛️The SSI Restoration Act proposes raising benefits to the federal poverty line, potentially lifting 8 million people out of poverty.

🎯Implementing these changes could significantly reduce the number of Americans living in poverty, improving their financial well-being.

How many Americans are living in poverty?

—Approximately 38 million Americans, or 11.6% of the population, are currently living in poverty.

Are seniors affected by poverty?

—Yes, out of the 38 million people in poverty, 10 million are seniors aged 65 and older.

What solutions exist to lift people out of poverty?

—Implementing changes such as raising benefits for fixed-income beneficiaries and enacting legislation like the SSI Restoration Act can help lift millions out of poverty.

How can raising benefits help reduce poverty?

—Raising benefits, such as Social Security, by $200 per month would provide additional financial support to individuals and help lift them out of poverty.

What is the SSI Restoration Act?

—The SSI Restoration Act proposes raising benefits for Supplemental Security Income (SSI) recipients to the federal poverty line, potentially lifting 8 million people out of poverty.

00:00This video highlights the alarming number of low-income Americans living in poverty.

01:22Approximately 38 million Americans, or 11.6% of the population, are currently living in poverty.

02:5510 million seniors aged 65 and older are among the 38 million people living in poverty.

06:04Raising benefits for fixed-income beneficiaries by $200 per month could lift millions out of poverty.

09:06The SSI Restoration Act proposes raising benefits to the federal poverty line, potentially lifting 8 million people out of poverty.