Census Bureau: Economic hardship declined in households with children as Child Tax Credit payments arrived

Friday, August 13, 2021

According to the U.S. Census Bureau, a drop in the number of households with children that reported food insufficiency and trouble paying household expenses may be linked to the child tax credit checks issued last month, according to new Household Pulse Survey (HPS) results.

The Internal Revenue Service last month (July 15, 2021) began issuing a monthly Advance Child Tax Credit (CTC) to families with children. 

About 35 million eligible families received the first monthly payment of up to $300 for each child age 5 and under and up to $250 for each child ages 6 to 17. Payments will continue monthly through December.

Read More

The U.S. Census Bureau’s experimental HPS collected survey responses just before and just after the arrival of the first checks.

The survey shows introduction of the CTC coincided with a drop in food insufficiency in households with children. It also showed that in those households, there was a drop in difficulty paying weekly expenses.

Continue reading to learn more about:
  • Food insufficiency dropped quickly after checks arrived
  • Financial hardship of families with children also dropped
  • Families spent CTC on their children
  • About HPS


Post a Comment

We encourage the thoughtful sharing of information and ideas. We expect comments to be civil and respectful, with no personal attacks or offensive language. We reserve the right to delete any comment.

Facebook: Shoreline Area News
Twitter: @ShorelineArea
Daily Email edition (don't forget to respond to the Follow.it email)

  © Blogger template The Professional Template II by Ourblogtemplates.com 2009

Back to TOP