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Child poverty increases sharply following expiration of expanded tax credit

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In 2021, as the economy reeled from the pandemic, a one-year expansion of the child tax credit led to a historic 46 percent decline in the child poverty rate. But new census data shows a dramatic reversal with the rate of children in poverty skyrocketing in 2022. Experts say it’s due to the end of pandemic-era safety net policies and inflation. Stephanie Sy discussed more with Catherine Rampell.

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Category
U.S. & Canada
Tags
child poverty, children in poverty, poverty
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