290: How is the Child Tax Credit Impacting Families?

On today’s episode, we are talking about the impact of the Child Tax Credit expansion by the Biden administration in 2021. This expansion expired at the end of December 2021, so today I want to talk about the impact this credit had on families, along with the loss of this credit. To do that, I have Leigh Phillips joining me. Leigh is the CEO of Saverlife, a nonprofit that uses data and technology to help members save money, along with pushing for better policies and a more just economic system across the country. Leigh and I discuss how the Child Tax Credit provided stability for families, including creating stabilization of savings accounts. We also talk about how Saverlife is tracking what other impacts these monthly payments have had on families, along with the impact of losing this child credit, which they will continue tracking over the next several months. Sponsor Today’s episode is sponsored by my other podcast, This is Awkward, which I co host with Allison Baggerly. Each week, we help listeners through awkward money situations. Find the latest episode here! Links for today’s episode Find out more about Saverlife at saverlife.org Want to submit a question to the show? Send an email to [email protected] Send me a message at PopcornFinance.com/Voicemail or Call 707-200-8259 Connect with me Instagram - @PopcornFinancePodcast Twitter - @PopcornFinance Facebook - Popcorn Finance Come Join Me on YouTube!https://www.youtube.com/c/PopcornFinance   Thank you for listening to today’s episode. If you enjoyed it, I’d be grateful for your rating and review! Learn more about your ad choices. Visit megaphone.fm/adchoices