Poverty, Income, & Health Insurance Update: Illinois and Chicago Region (2022)

Sep 15, 2023 | by
  • Description

Poverty among children more than doubled from 2021 to 2022 (from 5.2% in 2021 to 12.4% in 2022), according to the Supplemental Poverty Measure (SPM)1 released by the U.S. Census Bureau. This the largest year-over-year poverty rate increase on record among individuals aged 17 years and younger. Children were hardest hit due, in large part, to the lapse of the Child Tax Credit; however, across all ages gains made from COVID-related assistance in 2021 were lost in 2022. In Illinois, there are over 4 million Illinoisans experiencing poverty, with over 760,000 Illinoisans living in extreme poverty. In 2022 census results, poverty rates for children and communities of color - similar to national trends - remain dramatically higerh than the overall rate.