January is the first month since July 2021 that more than 36 million families in the U.S. did not receive money from the expanded child tax credit program. For some, the consequences are already dire.
The program, which began in July 2021, included an increase in payments that were sent out monthly and broadened the number of families who were eligible. More than 36 million families in the U.S. were receivingNow, families are scrambling to adjust to not having this consistent financial support, while the pandemic continues and inflation is on the rise. Many are having to radically reshuffle their lives, sometimes just to pay for basic needs.
Since her family didn't receive a check this month, everything from prescription drugs — like the $100-per-month eyedrops not covered by insurance The expanded child tax credit was particularly beneficial for the lowest-income families. The way the child tax credit policy was originally designed, Fulton explains, half of all Black and Latino families and families from rural communities weren't able to get the full credit because they didn't make enough money. The now-expired expanded policy helped close that gap.families with young children used their monthly CTC payment to cover child care costs.
"It's been hell trying to get everything paid off on time, balancing staying home or going to work because I do have a high-risk child and COVID is still here," Rivera says.The single mother says she's struggling to pay rent in Brooklyn and not get evicted, put food on the table and get essentials for her family, including a daughter who has respiratory problems.
For now, Rivera continues to work, while not making full payments on her rent so she can afford food. At the same time, she's trying to make sure her daughter stays healthy. She's asked for help but says financial aid is hard to come by"because everybody's struggling.
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