As Biden prepares to address the nation, there's one more reason why Americans are currently experiencing financial woes

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As Biden prepares to address the nation, there's one more reason why Americans are currently experiencing financial woes
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President Joe Biden plans to talk about household finance problems during his Tuesday night State of the Union address. Political observers say he’s got to strike a balance between the country’s progress and its ongoing pain.

When President Joe Biden addresses the nation Tuesday night during his first State of the Union speech, political observers say he’s got to strike a balance between the country’s progress and its ongoing pain.

More than two months after the last Child Tax Credit advance payments were distributed, that pain includes the slipping capacity for some families to pay their bills, according to Census Bureau data. The final round of advance payments arrived on Dec. 15 to families who were raising approximately 61 million children age 17 and younger. The payments totaled nearly $93 billion from July to December, the Treasury Department said.

Three quarters of people who received the payments said the end of the payments would have at least a minor strain on their finances, according to a separate poll last month from Morning Consult and Politico.

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