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Early data from Columbia University’s Center on Poverty and Social Policy show child poverty dropped after the first child tax credit payment in July.
Expanded child tax payments have helped families — especially Black and Latinx households — struggling with food insecurity.
Payments to households with children have been made for the second month after a first round that cost $15 billion.
Trying to opt out is a pain, some parents say.
A researcher says many rural families who didn’t qualify for child tax credits in the past will receive the funds now.
A disproportionate number of Black and Latinx Americans don’t have bank accounts. Studies show they could be losing money.
The monthly payments can lead to small changes that have long-term effects, experts say.
The expanded federal child tax credit could help many parents foot the bill for supplies.
Starting July 15, most parents will get monthly payments for half of the tax credit instead of a lump sum at tax time.
The American Rescue Plan includes a monthly child tax credit, but it’s not enough to pay for full-time child care in most states.
