Most recent stimulus check3/4/2023 ![]() House Democrat Ilhan Omar and Alexandria Ocasio-Cortez lead a charge in 2021 lobbying President Biden to send recurring stimulus payments to needy Americans, citing that the payments that have been distributed so far simply aren’t enough to help many Americans pay for basic necessities as complications arising from the pandemic continue to wreak havoc.ĥ4 progressive Democrats signed a letter urging the President to approve a plan that would allow for recurring payments, and we could see that proposal build steam in the coming weeks based on how the 3rd stimulus package performs. Are there plans for another stimulus payment? New Development: Stimulus checks worth between $600-$1,100 are currently scheduled to go out to 750k eligible Californians in November. Let’s take a look at the facts to try and determine the likelihood of a fourth stimulus payment. This most recent payment was a part of a $1.9 trillion COVID relief package named the American Rescue Plan, and speculation is starting to swirl that a fourth stimulus payment could be on the horizon. Many Americans believe that the stimulus payments are drawing from money that the federal government doesn't have, which continues to grow the national deficit. On the other hand, there are a lot of people that believe that these stimulus payments are hurting more than they are helping. Whether it's between our elected officials, or strangers on social media, it's a subject that has proven to be controversial over the past 18 months.Īs many families continue to struggle due to the fallout of COVID-19, there is a demand among part of the population to distribute more stimulus payments to help people get back on their feet. ![]() But that's a scenario no one should hope for.Stimulus payments are a topic of hot debate in the United States. Of course, if the economic situation takes a drastic turn for the worse, then a follow-up stimulus round could be in the cards. That could mean cutting back on some expenses temporarily until the cost of living dips back downward. You can also put yourself on a stricter budget if you're struggling to make ends meet. Or if you're looking for extra work, the gig economy is still very much alive, which means you have a chance to take on a side hustle for extra money. If not, you can either fight for a raise or dust off your resume and seek out a new employment opportunity. But you can still take steps to boost your income.įirst, research salary data to see if you're being paid a fair wage where you work. The idea of not getting another stimulus check may be disappointing, especially at a time when inflation is rampant and everything seems to cost more. What to do if there's no more stimulus aid That alone could prevent a massive wave of layoffs. This is a very different scenario than the one that presented in March 2021, when the most recent stimulus check was approved.įinally, lawmakers aren't looking to impose massive shutdowns to combat the current COVID-19 surge like they did early on in the pandemic. Additionally, the labor market is loaded with jobs right now, so much so that many companies are raising wages in an effort to attract talent. In December, the national jobless rate dropped to 3.9%, the lowest level since the start of the pandemic. And speaking of the economy, it continues to improve. That could mean fewer workplace disruptions and closures.Īll of that would be a good thing for our economy. But the silver lining is that omicron is said to result in milder illness than its predecessors, which means it may not be as disruptive.įurthermore, the CDC recently updated its guidelines to shorten the length of quarantine for those diagnosed with COVID-19. is deep in the throes of a major COVID-19 outbreak - one that threatens to overwhelm hospital systems, force schools into remote learning, and impact supply chains. Why there may not be a fourth stimulus check ![]() If that were to happen, and the economy were to decline, then it could make the case for another stimulus payment. That scenario could force businesses to shut down and layoffs to ensue. More: These 0% intro APR credit cards made our best-of list Discover: This credit card has a rare $300 welcome bonus
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