Child tax credit reduced usage of high-cost financial services

Families who were eligible for the child tax credit (CTC) experienced improved nutrition, decreased reliance on credit cards and other high-risk financial services, and made long-term educational investments for both parents ...

Cash transfer proposal has downsides for child poverty

A proposal to provide monthly payments to most U.S. parents, similar to those under the pandemic relief program, would likely worsen poverty for children of single mothers, a study has found.

Study: Child poverty rising after tax credit expires

The number of children in America living in poverty jumped dramatically after just one month without the expanded child tax credit payments, according to a new study. Advocates fear the lapse in payments could unravel what ...

Why the child tax credit matters

When Congress tasked a group of economists and social scientists in 2015 to study ways to cut child poverty in the U.S. in half, one finding stood out. More than any other policy, a "child allowance" of about $3,000 per year, ...

How the expanded child tax credit is helping families

American households making less than $50,000 are more likely than higher-earning families to spend the expanded child tax credit on essential expenses and tutors for their children, found a survey from the Social Policy Institute ...

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