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.

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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