Child Tax Credit expansions were instrumental in reducing poverty rates to historic lows in 2021

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While it is still expensive to raise children, doing so in the US isn’t as bad as it was previously. In 2021, the child tax credit expanded to reach people with children aged 17 and below. At the same time, child poverty dropped to its lowest point ever—even as the pandemic raged. Poverty rates among minorities such as black and Hispanic people also declined with the expansion of the child tax credit. “All in all, child poverty was the lowest on record in 2021.” Read full article here

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