If you have kids, check your bank account on Thursday. There’s a pretty good chance you’ll see $250 or $300 in your account with the letters “CTC” in the line item.If you have kids, check your bank account on Thursday. There’s a pretty good chance you’ll see $250 or $300 in your account with the letters “CTC” in the line item. That’s because for the first time ever, we are recognizing raising kids as essential work with a bigger Child Tax Credit (CTC) for more families, and the option to get your tax credit as a monthly check or direct deposit.
The old approach is being replaced by direct assistance, but more help is needed
Nearly 10 years into an economic recovery, young people in the United States are still struggling. Youth unemployment rates are double that of the prime-age U.S. population, and an estimated 4.6 million individuals ages 16-24 are neither in school nor working. Youth of color face disproportionately higher disconnection rates and additional barriers to school and career success. Young people are forced to navigate too many uncoordinated, underfunded systems — often on their own.
Eighty years ago, President Franklin Roosevelt called for a national floor on wages to ensure “a fair day’s pay for a fair day’s work.” As we commemorate the 80th anniversary of the passage of the Fair Labor Standards Act, a core part of the New Deal, the federal minimum wage falls far short of that goal.