Although the COVID-19 epidemic started in early 2020, its effects and the subsequent surge in inflation rates are still having an impact on Americans today.
In April 2020, the government began giving eligible tax-paying adults stimulus payouts of up to $1,200. The second batch of stimulus payments of up to $600 was sent from December 2020 to January 2021.
4th Stimulus Checks
President Biden took office shortly after the second wave of stimulus checks and introduced his American Rescue Plan, which offered qualified citizens a statement of up to $1,400.
Even if debates about a 4th stimulus check have subsided in Congress, Americans still favor additional aid. 62% of Americans anticipate receiving financial support from the government in the upcoming year.
While most people support this relief, 16% of responders are still unsure about it, and 22% oppose additional stimulus or inflation aid payments. According to the age breakdown, adults under the age of 54 support government relief check more than Americans over the age of 54.
Sixty percent of those aged 18 to 24 agreed, as did 69% of those aged 25 to 34, 70% of those aged 35 to 44, and 69% of those aged 45 to 54. Americans above the age of 54, on the other hand, are less in favor of relief cheques.40% of those over the age of 65 expressed a similar sentiment, as did over a third of people aged 55 to 64.
Seniors are likewise the age group with the most conflicting opinions on this issue, with 22% of Americans 65 and older unclear of their feelings toward the increased stimulus.
Providing Relief In 2023
The prospect of states giving aid in 2023 still exists, but given the country’s economic situation, not many could be motivated to keep doing so. Another wave of stimulus checks, it is feared, will increase inflation and harm the economy. Nevertheless, there is a likelihood that some governments will provide relief.
Other states must share any extra money with their citizens rather than putting it back into the economy. Although it is too soon to say if states will have extra money next year, people living in the states with this provision may get some financial assistance reports from Yahoo Finance.
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