The nonprofit Robin Hood, in collaboration with Columbia University, released its fifth “Annual Poverty Monitoring Report” and found that federal tax credits for expanded children reduced New York’s child poverty rate by more than 30 percent in 2021.
Robin Hood CEO Richard R. Buery, Jr. said answers to child poverty will have to come from the federal government, Albany and City Hall.
“We know what works to decrease child poverty, we just want the political will to do it. This year’s Poverty Tracker report provides tangible evidence of our basic confidence that government policy is one of the most effective teams in the fight against poverty. “said. ” In the midst of a global economic and fitness crisis, federal lawmakers designed projects that kept some of a million young people in New York City out of poverty, yet many of the policies have since expired. “
Earlier this week, the organization presented its report at an in-person symposium on child poverty that brought together policy experts, government officials and nonprofit leaders.
According to the report.
When Congress legalized the expiration of the Child Tax Credit expansion in December 2021, millions of young people and families across the country fell back into poverty, according to the report. January of last year.
In total, government policies have reduced child poverty in the five boroughs by 68%, keeping more than 500,000 youth out of poverty and pushing the city’s child poverty rate to a traditionally low 15%, the lowest rate since Poverty Tracker began measuring child poverty. poverty in 2017.
“Child poverty has been consistent in New York City and across the country, compromising the short- and long-term well-being of young people,” said Sophie Collyer, director of studies at Columbia University’s Center on Poverty and Social Poverty. It obviously shows that thoughtful and ambitious policy design can temporarily reduce these persistently high rates of child poverty and have an immediate effect on the hardships suffered by children and their families. “
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