Federal spending on children in the US fell to the lowest level in a decade in 2018, negatively impacting working families with children, according to a report by the Urban Institute.
The largest source of federal support for children comes from Medicaid followed by the earned income tax credit. Although there is a projected increase of $1.5 trillion in federal spending over the next decade the report finds that children’s programs will only receive 3 cents of each dollar.
The report indicated that the share for children is expected to decrease from 9.2 percent to 7.5 percent over the next 10 years if no changes are made to the current law. Steuerle also indicated the U.S. has largely neglected kids who don’t graduate from college by not supplying schools with resources necessary to adequately prepare them for society.
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