New report suggests Child Tax Credit reduced usage of high-cost financial services

Press Release: April 14, 2021 St. Louis (April 14, 2022)— In a new report published with the Global Economy and Development program at Brookings Institution, researchers at the Social Policy Institute at Washington University in St. Louis and Appalachian State University found that families who were eligible for the child tax credit (CTC) experienced improved nutrition, decreased […]

Expanded Child Tax Credit payments have not reduced employment

Approximately 60 million American children living in 35 million households received monthly payments from the federal government as part of the temporary Child Tax Credit (CTC) expansion. Discourse over whether or not the expanded CTC caused parents to leave the workforce emerged during the period of the expanded credit. On one side, a large number […]

State-by-state: How are families in the U.S. using their Child Tax Credit payments?

The temporary expansion of the Child Tax Credit (CTC) is projected to cut American child poverty by more than half. The CTC expansion provides families with $3,600 for every child in the household under the age of six and $3,000 for every child between the ages of six and 17. The vast majority of U.S. […]