Absence of Monthly Child Tax Credit Leads to 3.7 Million More Children in Poverty in January 2022
Zachary Parolin (),
Sophie Collyer and
Megan Curran
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Sophie Collyer: Columbia University
Megan Curran: Columbia University
No 20417, Poverty and Social Policy Brief from Center on Poverty and Social Policy, Columbia University
Abstract:
The monthly child poverty rate increased from 12.1 percent in December 2021 to 17 percent in January 2022, the highest rate since the end of 2020. The 4.9 percentage point (41 percent) increase in poverty represents 3.7 million more children in poverty due to the expiration of the monthly Child Tax Credit payments. Latino and Black children experienced the largest percentage-point increases in poverty (7.1 percentage points and 5.9 percentage points, respectively).
Keywords: poverty; Child Tax Credit; social policy (search for similar items in EconPapers)
Pages: 6 pages
Date: 2022-02
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Citations: View citations in EconPapers (5)
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Persistent link: https://EconPapers.repec.org/RePEc:aji:briefs:20417
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