For individuals who meet the Senior Citizens League, a nonpartisan lobbying group, is fighting for the criteria for Social Security, a one-time $1,400 stimulus payout. The group warned Congress in a letter last year that the cost-of-living increase and inflation will severely impact many senior citizens who are on fixed incomes.
Low Hopes Remain For New Stimulus
Despite the desire of several members of Congress to approve an additional stimulus payment, it seems that older Americans won’t be receiving any more payments. The Build Back Better Agenda, at this time, does not require any additional payments and is the subject of lawmakers’ attention. This indicates that Social Security claimants won’t soon receive $1,400 payments.
Price Of Attending College Has Never Been This Higher
The average American with a bachelor’s degree had a student loan debt of about $17,297 at the beginning of the millennium, which is about $13k lesser than the overall debt in 2021. During the recession of 2008–2009, the student loan crisis took root, causing student debt to surpass the $1 trillion mark. At graduation, student loan debt has increased by 76 percent nationwide since 2000. College tuition, coming in second to hospital care in terms of cost growth, according to a 2021 Forbes report, is a competitor for the top slot.
Majority Of Americans Favour Additional Stimulus Funding
According to recent research, 63% of American voters who were eligible to vote supported passing another stimulus plan. Even though there are no proposals for the federal government to prolong the stimulus funds, this is based on the study from Newsweek and Redfield & Wilton Strategies following a survey of 1,500 Americans. The pandemic’s first year saw an inflation rate of 4.7 percent reports Sun.
Related Stories:
Stimulus Update 2023: US Citizens Wait For $1,000 Reimbursement After State Error
Stimulus Update 2023: Check Whether Another Payout Is Coming For Americans
Stimulus Update June 2023: Deal On The Debt Ceiling, Social Security And $500 Monthly Payments
Stimulus Update: Assistance To Americans From A $240M Fund – See If You Are Eligible
Stimulus Update 2023: Deadline For Americans For New Payout Of Up To $1500
Stimulus Update 2023: Americans Can Get A Massive New Payout of $3,284 for Next Two Months
Stimulus Update 2023: This IRS Notice May Impact Your Financial Situation
4th Stimulus Update 2023: Millions Of Americans Could Get Payments From $6.6 Billion Pool
