It’s a no-brainer that a little extra cash each month can go a long way in reducing stress, especially for parents — just ask everyone who received the Child Tax Credit payments from July to December last year.
Additional income provides stability for parents, and can definitely fill in budgetary gaps. This means parents can work fewer hours, pay off debt, buy necessities like food and diapers without straining the budget, or save money for a new home or their child’s education.
And these aren’t just conjectures: The benefits of monthly cash payments like Stockton’s groundbreaking Universal Basic Income program or the child tax credit have been well-studied, and they have found that parents, and their babies, benefit greatly from the money mentally, emotionally, and physically.
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