THE SOLUTION TO POVERTY IS WEALTH:

The child poverty rate was 27.9% in 1993, but fell to a record low of 5.2% in 2021, according to new census data.

Why it matters: Growing up poor affects every facet of adult life, from health to wealth.

"Fewer children growing up in poverty is good for the future," says Renee Ryberg, a co-author of a new report from Child Trends that digs into the data. "It's as simple as that."

Not only are there immediate improvements to the well-being of kids and families, there are also long-term benefits for society, like lower rates of crime, lower health care costs and more tax revenue.

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