The enhanced child tax credits, which begin Thursday, will be the latest government-funded cash infusion.
Francine Lipman, a law professor at the University of Nevada, Las Vegas, who specializes in tax policy and anti-poverty initiatives, said the payments will go toward two different kinds of consumers. Families who live at or below the poverty line will likely spend the money on necessities, like buying food, covering the rent or paying for medication.
The payments may be used differently by families who can generally afford what they need, she said. Middle- and upper-income families may put extra dollars toward discretionary items, such as summer camp, a laptop or new clothes for back to school.
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