In one month, the child poverty rate increased from 12.1 to 17 percent, the highest rate seen since Dec. 2020. Black and Latino children experienced an even higher rate of poverty.
at the end of 2021, nearly 3.7 million more children are in poverty, according to a new study from Columbia University.rate increased from 12.1 percent to 17 percent, the highest rate seen since the end of 2020. Black and Latino children experienced even higher increases in poverty, with 5.9 percent and 7.1 percent increases, respectively.
in poverty. In other words, the longer the monthly CTC payments were in place, the more families it helped.sent checks out monthly rather than one annual lump-sum of money during tax season. It also increased the amount of money getting sent to families, and expanded the number of families who were eligible for the payments. Families who file taxes will get the remaining half of the credit when they file this year.
Researchers say child poverty rates often fall during tax season as people get their returns. So, the second half of the credit received from filing taxes is"likely to result in substantial, but temporary, dips in monthly child poverty rates." After April though, researchers say the child poverty rate"could be persistently high through the rest of 2022" if the monthly Child Tax Credit payments aren't renewed by Congress.
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