Ontology highlight
ABSTRACT:
SUBMITTER: De La Rosa W
PROVIDER: S-EPMC9477385 | biostudies-literature | 2022 Sep
REPOSITORIES: biostudies-literature
De La Rosa Wendy W Sussman Abigail B AB Giannella Eric E Hell Maximilian M
Proceedings of the National Academy of Sciences of the United States of America 20220906 37
Millions of eligible families did not claim their 2021 expanded child tax credit (CTC), collectively forgoing billions of dollars. To address this problem, many policymakers focused on increasing awareness of the CTC by highlighting that families could receive up to $3,600 a year per child. However, people rarely budget on a yearly basis. We propose that communicating the CTC benefit amount in terms of commonly used budgeting periods (e.g., $300 a month) instead of uncommonly used budgeting peri ...[more]