The Federal Reserve recently published the results from a survey with the title, "Economic Well-Being of U.S. Households in 2021."
The survey suggests that the increased child tax credit last year was helpful for many families. The credit was expanded from $2,000 in 2020 to $3,000 in 2021 for children under age 18 and $3,600 for children under age 6. It was phased out for single individuals with incomes over $75,000 and joint filers with more than $150,000 in income.
This Federal Reserve survey is a good picture of the financial status of families in America.
1. Financial Well-Being —...More