Marcin Kempa via Unsplash Dive Brief:
This month, some 39 million households will begin receiving tax credit payments for each child under 18, a new relief program Cowen analysts called an "underappreciated catalyst for consumer spend" in a report this week.
The program, part of President Joe Biden and congressional Democrats’ American Rescue Plan passed earlier this year, comes as the back-to-school shopping season ramps up and could benefit numerous retailers. Aimed at reducing child poverty, the checks could boost spending at food retailers, including Walmart and Target, according to Cowen. Also in line to benefit are Amazon […]
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