Monthly poverty rose in April and May after temporary tax time dip
Monthly poverty rates rose in April to 13.0% and May to 14.1% following the temporary dip in March when most refundable tax credits were delivered. The monthly child poverty rate rose to 14.1% in April and 16.6% in May.
3.7 million more children in poverty in Jan 2022 without monthly Child Tax Credit
Without the monthly Child Tax Credit, the child poverty rate increased from 12.1 percent in December 2021 to 17 percent in January 2022, the highest rate since the end of 2020.
December Child Tax Credit kept 3.7 million children from poverty
The sixth Child Tax Credit payment kept 3.7 million children from poverty in December. In absence of a January payment, the monthly child poverty rate could potentially increase from 12.1 percent to at least 17.1 percent in early 2022.
November Child Tax Credit payment kept 3.8 million children from poverty
According to our latest projections, the expanded Child Tax Credit kept 3.8 million children from poverty with its fifth monthly payment in November 2021.
October Child Tax Credit payment kept 3.6 million children from poverty
According to our latest projections, the expanded Child Tax Credit kept 3.6 million children from poverty with its fourth monthly payment in October 2021.
Expanded Child Tax Credit continues to keep millions of children from poverty in September
According to our latest projections, the expanded Child Tax Credit kept 3.4 million children from poverty with its third monthly payment in September 2021.
Second Child Tax Credit payment keeps 3.5 million children out of poverty
According to our latest projections, the child poverty rate declined from 11.9 percent in July 2021 (the month featuring the first CTC payment) to 11.5 percent in August 2021. Without the CTC, the monthly child poverty rate in August 2021 would have been 16.2 percent.
Child poverty drops in July with the Child Tax Credit expansion
According to our latest projections, the monthly SPM poverty rate for children fell from 15.8 percent in June to 11.9 percent in July 2021, representing a decline of 3 million children living in poverty. This drop in child poverty is primarily due to the first payment of the expanded Child Tax Credit.
Forecasting poverty during a crisis
In 2020, we established a novel method of forecasting poverty using the Supplemental Poverty Measure framework with a goal of providing projections of poverty rates throughout the COVID-19 crisis. Our forecasting data provides a real-time poverty data tool for policymakers.