Cash alone won’t relieve ‘surviving’ American families

In 2021, the U.S. expanded the child tax credit to support families’ financial needs in raising children and, in so doing, to relieve financial stress and worry. American families were suffering from pandemic-related economic shocks such as increased prices for many goods, employment and earnings loss, death and concerns about health, and school and child care closures. 

The expanded child tax credit was generous: Nearly all families with income less than $150,000 for single-parent households...