Millions of Kids Could Sink Back Into Poverty if the Child Tax Credit Expires
By Grace Segers
In a November survey by the Center for Law and Social Policy, or CLASP, nearly 70 percent of respondents who received the monthly payments said that the funds made them a lot or a little less stressed about money, a percentage that increased for respondents with incomes between $10,000 and $24,999. It also found that the most common way respondents reported planning to use their payments involved addressing basic needs: paying bills, buying groceries, paying rent or mortgage, buying clothes and shoes, and paying down debt. Paying for schooling and after-school activities were also common uses for the payments.
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