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We conduct research about the financial lives of our members—combining data and stories to show what’s working, what’s not, and how to build a better financial future for all.
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The Impact of the Enhanced Child Tax Credit on Lower Income Households
The Impact of the Enhanced Child Tax Credit on Lower Income Households The American Rescue Plan, one of the most significant policy responses to alleviate child poverty in decades, made fundamental changes in enhancing the Child Tax Credit (CTC). In…Continue reading “The Impact of the Enhanced Child Tax Credit on Lower Income Households”
The Expanded Child Tax Credit
An American Experiment in Financial Security: What We Learned and What Families Stand to Lose In July 2021, the Biden Administration launched one of the most ambitious anti-poverty programs in history within the American Rescue Plan—the expanded Child Tax Credit…Continue reading “The Expanded Child Tax Credit”
The early promise of the Child Tax Credit
The Expanded Child Tax Credit is Increasing Family Savings As of this analysis, families have received only two Child Tax Credit payments, but we’re already beginning to see signs of the payments having an impact. August marks the first month…Continue reading “The early promise of the Child Tax Credit”
The Child Tax Credit is Keeping Families Afloat
Making it permanent could set families on a path to long-term economic mobility While families have received only two disbursements of the Child Tax Credit, SaverLife members are quickly finding the payments impactful in covering day-to-day expenses. While the summer…Continue reading “The Child Tax Credit is Keeping Families Afloat”
Child Tax Credit Update: How Have SaverLife Members Spent Their Child Tax Credit Payments?
Of those who have received a Child Tax Credit payment, the majority say they mostly spent the money on current necessities. Sixty percent of SaverLife members said they are primarily using the Child Tax Credit for household necessities, and another…Continue reading “Child Tax Credit Update: How Have SaverLife Members Spent Their Child Tax Credit Payments?”
Missing Out on Crucial Child Tax Credit Relief: Who Is at Risk and Why
As of today, direct payments of the Child Tax Credit will reach millions of families across the country, marking a significant moment in our country’s history. Through automatic monthly payments, help is on the way for families with children who…Continue reading “Missing Out on Crucial Child Tax Credit Relief: Who Is at Risk and Why”
Why tax credits make a difference for families with less financial flexibility
A Lifeline for Families: How Tax Credits Ease Financial Strain Recently, the Federal Reserve released its annual report from the Survey of Household Economics and Decisionmaking (SHED) and the top-line takeaway is clear: the financial well-being of households is in…Continue reading “Why tax credits make a difference for families with less financial flexibility”
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