Retailers expect sales boost as child tax credit checks mail
July 13, 2021
Retailers across a wide number of verticals are expecting to see an incremental sales lift after Americans begin receiving monthly child tax credit payments from the federal government starting in July. “It’s a good thing for Walmart and grocery stores,” said Jim Sullivan, an economics professor at the University of Notre Dame. “The retail sectors where middle- and lower-income families spend money are likely to benefit some from this.”
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