On September 13, 2022, the US Census Bureau released their annual report on the Supplemental Poverty Measure, a poverty measure that differs from the Official Poverty Measure by considering taxes, in-kind benefits, and local housing costs, among other elements. It reported a 7.8% poverty rate in 2021; that is, 7.8% of the US population was in a household that had resources below their SPM poverty threshold in calendar year 2021.[1] This was the lowest rate on record, below the previous low of 9.2% in 2020.

This market will resolve to TRUE if the 2022 SPM poverty rate exceeds 7.8%, and FALSE otherwise. The Census Bureau typically releases their report in early September, so the question will close at the end of August 2023.

[1] The SPM defines a "SPM unit", a group of people who reside in the same household who also share resources, for computing poverty.