Consumer spending habits following Child Tax Credit payments

Payment recipients in lower income groups saw the biggest increases in bank transfers and savings after the first CTC payment compared to those who didn't get a check. After the second check, the largest relative increase was in securities trading accounts, according to an Envestnet/Yodlee analysis.

Chart shows week-over-week change in bank account spending or transfers, by household income level, compared to those who did not receive a check.