Ben points out that the Child Tax Credit was expanded to assist poor families with pandemic-related economic hardships in 2021.
The rate of childhood poverty dropped to historic lows.
Then it went away. And, well, what else would you expect?
According to NPR, “…A year ago, child poverty hit a historic low of 5.2%. The latest figures [a year after the child tax credits expired] put it at 12.4%, the same as the overall poverty rate. The surge happened as record inflation was rising and a lot of pandemic relief was running out, but Census officials and other experts say a key was the child tax credit.”