24/7 Wall St. Insights The child poverty rate more than doubled between 2021 and 2022, jumping from 5.2% to a sobering 12.4%. 88% of Americans living in poverty struggle to cover even basic expenses, leading to more feelings of stress and anxiety. 55.8% of people in one of thes Also: Discover the “Next NVIDIA” Have you ever heard of the “thick skin bias“? This bias refers to the idea that we often view people living in poverty as more resilient, or having thicker skin, than affluent individuals.