UCI News

Joe Biden’s latest pandemic plan: At least $3,000 in cash to parents for every child

Vox, Sept. 18, 2020

September 18, 2020

Joe Biden’s latest pandemic plan: At least $3,000 in cash to parents for every child

Programs that give families cash, according to UC Irvine economist Greg Duncan, result in better learning outcomes and higher earnings for their kids. One study found a $3,000 annual income increase for poor parents is associated with 19 percent higher earnings for their child once he or she grows up. That implies that a child allowance of that size could dramatically improve the lives of children decades later.