The effect will be felt much faster than you think. According to the Urban Institute, which looked at the impact of the child tax credit, stimulus payments, unemployment benefits extension and food stamps boost will meant that 16 million fewer people will be living in poverty in 2021. That's a lot of people specially when so many families are going hungry at the moment in this country. 22.5 million adults, or 10.5%, said their household sometimes or often didn't have enough to eat in the past seven days, according to the most recent Census Household Pulse Survey, which covers February 17 to March 1. Among households with children, the figure was 14.4%. so for many families this piece of legislation is going to make a difference for the next year. According to Christopher Wimer, co-director of the Center on Poverty & Social Policy at Columbia University. This is one of the biggest, most fundamental changes to anti-poverty policy that the US has seen since the 1960s.