January 7, 2022

As Child Tax Credits Expire, Here’s How Families Used the Money for ‘Survival’

Christopher Spata and Margo Snipe write:

"When Steve Cutter’s landlord unexpectedly sold the house he was renting, his family had to spend $2,300 a month on a New Port Richey motel room to avoid sleeping in their car. The monthly $300 he and his wife received from the IRS for their 6-year-old was, he said, the difference between 'eating ramen every night of the month or getting actual food.'


Low-income families benefit the most, experts say, and data shows that people are spending the money as it was intended — on rent, child care and food. That money flows back into the economy, said Norín Dollard, a senior policy analyst with the Florida Policy Institute [emphasis added].

'It really does help to start to close the income gap,' said Dollard, who noted families of color tend to be disproportionately burdened by poverty.

Read more at tampabay.com

Downloadable Resources

There are no attachments currently.
No items found.
Related posts
No items found.