WI23-03: Social Security Administration’s Growing Interest in the Child Tax Credit and Other Child Driven Income Support Programs

About 11 percent of children lived with a Social Security (SS) beneficiary in 2022. We use data from the March 2022 Current Population Survey (CPS) Annual Social and Economic Supplement (ASEC) to assess distributional differences related to income and poverty, racial differences, and geographical differences among SS program beneficiaries with children due to receipt of several refundable tax credits and benefit programs in 2021, including the expanded monthly Child Tax Credit (CTC), Earned Income Tax Credit (EITC), Supplemental Nutrition Assistance Program (SNAP), and the Economic Impact Payment (EIP).