“The first year of life is also a time when a lot can and often does go very wrong. The Survey of Household Economics and Decision-Making identified a child’s first year as a time when parents reported being financially worse off and denied credit. The first year of life is also the age when a person in the U.S. is most likely to experience homelessness and also to enter foster care.
The chronic stress stemming from adverse events like these may be especially harmful during a child’s early years, when a child’s brain grows most rapidly and consistent, positive relationships with caretakers are particularly important to healthy development.
Even a little more cash during this tenuous time of transition may go an unusually long way to protecting financially strapped families from derailing, potentially devastating events like eviction or unemployment, which can snowball.”
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