And now more families are struggling again.
. While this is good news, the bad news is that the expanded coverage of the child tax credit ended last year, and now families who depended on the extra cash for their kids are struggling., 5.2% of children lived in poverty in 2021, down 9.7% from 2020. This is the lowest poverty rate on record since the measure providing cash assistance to families started.
From December 2021 to January 2022 — the first four weeks sans enhanced child tax credit — the monthly child poverty rate increased from 12.1% to 17%. According to the, the 4.9 percentage point increase accounts for 3.7 million more children in poverty, with Latino and Black children experiencing the largest increase in poverty .
Hispanic respondents, parents who have not been married, and respondents with lower incomes were more likely to report difficulties meeting monthly expenses. Half of Hispanic respondents said they were, and many additionally reported visiting food banks more frequently since the tax credit’s end, compared to 39% of white respondents and 34% of Black respondents.
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