RELEASE: Enhancing the Child Tax Credit Would Help Young Families, Create Economic Mobility, and Lift Kids Out of Poverty, Says New CAP Report

Contact: Liz Bartolomeo
Phone: 202.481.8151
Email: lbartolomeo@americanprogress.org

Washington, D.C. — A new Center for American Progress analysis underscores that the economic cost of child poverty in the United States is $672 billion per year, or nearly 4 percent of U.S. gross domestic product. This is due to higher health costs, lower educational outcomes, and increased spending on criminal justice. Additionally, flat or declining wages and rising costs are straining families’ ability to afford a middle-class lifestyle, with child-related costs accounting for nearly 70 percent of the middle-class squeeze for the typical two-parent, two-child family.In its report , CAP introduces […]