More households with children had difficulty paying for usual household expenses after Child Tax Credit (CTC) payments ended in December, according to new Household Pulse Survey (HPS) results.
The U.S. Census Bureau’s HPS previously showed that reports of hardship among households with children decreased when CTC payments began in July 2021.
The Internal Revenue Service issued a monthly advance CTC payment to households with children from July to December 2021. More than 36 million families received the last monthly payment of up to $300 for each child ages 5 and under and up to $250 for each child ages 6 to 17.