Why the US is launching a $300 monthly child benefit

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The payments will go to about 39 million households, according to the US Treasury Department and the IRS. …

“Such families tend to spend additional resources on necessities such as food, housing (i.e. paying back rent), and clothing,” he said, adding that any additional income could also provide the cash to make a down payment on bigger-ticket items, such as cars, that may typically be out of reach.

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