Giving Compass' Take:
- Kelli Garcia reports that the end of the Child Tax Credit marked an increase in hardship for families who subsequently found themselves struggling to pay for essentials.
- How can you support economic assistance for families at the national level?
- Learn more about the benefits of the Child Tax Credit.
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New census data adds to the growing body of evidence showing that the expanded Child Tax Credit (CTC) helped reduce childhood poverty. In fact, the end of monthly CTC payments created significant hardship for many, according to a new survey* of families making under $75,000 a year. Sixty percent of families stated that it has been more difficult for them to pay their expenses since the monthly payments expired in December 2021. These families reported they had trouble:
- Affording food and groceries (66%)
- Paying bills (65%)
- Buying clothing and shoes (49%)
- Paying their rent or mortgage (40%)
Read the full article about ending the Child Tax Credit by Kelli Garcia at ideas42.