Tag: low income
![family photo](https://crr.bc.edu/wp-content/uploads/2021/10/family-photo.png)
The fate of the recent expansion of the federal child tax credit is uncertain in the ongoing budget negotiations in Congress. What is clear is that poor and low-income families are putting the increased assistance to good use. Nine out of 10 families earning less than $35,000 are spending the money on one or mor…
![Printed Social Security statement](https://crr.bc.edu/wp-content/uploads/2021/06/Overestimate-SS.jpg)
The U.S. Social Security Administration reported a few years ago that half of retirees get at least half of their income from their monthly checks. For lower-income retirees, the benefits constitute almost all of their income. Yet Americans have only a vague understanding of how this crucial program works – one of many obstacles on…