ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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19.9%
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21.8%
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22.4%
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23.2%
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Detailed explanation-1: -According to US Census Bureau, the child poverty rate in America is 16% nationwide as of 2020. This amounts to 11.6 million children living in poverty in the United States.
Detailed explanation-2: -The child poverty rate (for people under age 18) was 16.9% in 2021, 4.2 percentage points higher than the national rate, while poverty for those ages 65 and over was 10.3%, 2.5 percentage points lower than the national rate.
Detailed explanation-3: -Official Poverty Measure The official poverty rate in 2021 was 11.6 percent, with 37.9 million people in poverty. Neither the rate nor the number in poverty was significantly different from 2020 (Figure 1 and Table A-1).
Detailed explanation-4: -However, India has the world’s highest number of poor children, amounting to a total of 97 million or about 21.8 per cent of the Indian children population between the ages 0 and 17 years.
Detailed explanation-5: —Children under 18 years represent 23 percent of the population, but they comprise 33 percent of all people in poverty.–Among all children, 44 percent live in low-income families and approximately one in every five (22 percent) live in poor families.