Philanthropy aids in poverty decline

In 2020, the U.S. poverty rate declined as a result of stimulus checks and unemployment aid. What also helped in the decline? There was also an increase in cash programs from charities. Could “cash-in-hand” be a long-term solution to end poverty? Axios Re:Cap talks with Axios’ future correspondent Bryan Walsh on how philanthropic organizations are using cash assistance and what cash can’t fix.

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Each weekday afternoon, Axios unpacks the biggest story of the day and why it matters. We'll take you inside the accelerating forces, technologies and trends that are remaking your world and work. About Axios: Axios is a digital media company launched in 2017. Axios - which means “worthy” in Greek - helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.  Axios Re:Cap is on hiatus until October 2021.