Child poverty more than doubled in U.S. after expanded tax credits, stimulus checks ended

CNBC »

• The child poverty rate surged to 12.4% in 2022, up from 5.2% in the year prior, according to the U.S. Census Bureau.
• The bureau attributed the increase in child poverty to the expiration of expanded child tax credits and the end of stimulus checks.
• The U.S. had made historic gains in fighting child poverty during the Covid-19 pandemic due in large part to the expanded tax credits. »