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1.5 Million Parents Could Drop Out of Workforce Amid Biden Child Tax Benefit

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1.5 Million Parents Could Drop Out of Workforce Amid Biden Child Tax Benefit
A child in Brooklyn, New York, on Sept. 13, 2021. Brendan McDermid/Reuters
Andrew Moran
Updated:
News Analysis

As many as 1.5 million working parents could exit the labor market as more U.S. households receive the expanded Child Tax Credit (CTC) benefit, a new study predicts.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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