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Most U.S. families with children will get six monthly payments from the government in 2021, starting July 15. Parents and guardians may spend this money – $300 per child under 6 and $250 for every kid or teen who is 6 and up – on groceries, computers, child care, sneakers or however else they see fit.

Eighty-eight percent of U.S. families with children under 18 are eligible for this new allowance Congress approved in March as part of a coronavirus relief package, which extends the child tax credit to the lowest-earning Americans. In addition to getting either $250 or $300 a month per kid for six months, families will also get a tax credit equal to six more monthly installments at tax time in 2022. The Internal Revenue Service is responsible for delivering the money, which will total either $3,000 or $3,600 per child.

Getting this no-strings-attached money from the government may seem almost routine after those three other economic impact payments meant to ease the economic strains the COVID-19 pandemic caused. But as experts have pointed out — including University of Tennessee, Knoxville, Professor Wendy Bach, writing for The Conversation — this new cash infusion is significant in many ways. Read the full article on The Conversation.

UT is a member of The Conversation, an independent source for news articles and informed analysis written by the academic community and edited by journalists for the general public. Through our partnership, we seek to provide a better understanding of the important work of our faculty.


Lindsey Owen (865-974-6375,