Child Benefits are financial payments made by the government to help support families with children. They are intended to assist with the costs of raising children, providing families with additional income that can be used for various expenses such as food, clothing, childcare, and education. These benefits can be universal, available to all families regardless of income, or means-tested, granted only to those below a certain income threshold. Child Benefits vary by country in terms of eligibility criteria, payment amounts, and structure. They play a crucial role in reducing child poverty and supporting child well-being and development.
Starting January 2025, families in Germany will receive a much-anticipated boost in their financial support through increased child benefits. The government has decided to raise the child allowance by €5…