Federal spending on children climbed to a peak of $11,690 per child in 2021 in response to the Covid-19 pandemic.
In 2024, that spending is expected to level off to $8,760 per child — a decline of about $230 per child from the previous year, the research found.
In 2021, child poverty fell to 5.2%, down from 12.6% in 2019.
The expiration of the aid drove child poverty back up to 12.4% in 2022.
Tax expenditures represent the largest drop in federal spending on children between 2022 and 2023, while there were also sharp declines in spending on nutrition and more modest changes in education funding, according to the Urban Institute.
Persons:
—, Heather Hahn, Hahn
Organizations:
Urban Institute, D.C, Finance
Locations:
Washington