According to the most recent data from the Bureau of Labor Statistics Consumer Price Index, prices for items like gas and food increased by 8.5% between July 2021 and 2022. Even if it is down.5% from June, it is still making it more difficult to afford necessities. Every time I fill up my car with gas, I spend at least $10 extra, claimed Lecaros.
She still has to spend more money on gas than she had planned.
To assist workers like Lecaros, Wright-Patt Credit Union has stepped up. It just gave $500 partner-employee stimulus checks to almost 1,200 workers through a $600,000 investment.
Stimulus Check To Counter Inflation
Norma Lecaros, a worker at Wright-Patt Credit Union, has recently found it difficult to get gas and buy groceries. According to AAA, Ohio’s gas prices as of Monday are 70 cents higher than they were at the same time last year. Tim Mislansky, president and chief executive officer of Wright-Patt Credit Union, said that helping employees through these trying times bring him great satisfaction and that doing so is not only worthwhile but also crucial.
The U.S. House of Representatives on Friday approved the $430 billion Inflation Reduction Act of 2022, which promises to fight climate change, lower healthcare costs, and raise some company taxes.
On August 7, the Senate voted 51 to 50 along party lines to pass the Stimulus Check reconciliation proposal. After passing the lower house on a party-line vote of 220 to 207, the legislation now heads to President Joe Biden’s desk for his signature.
Democrats were eager to advance their domestic Stimulus Check policy objectives before the midterm elections, but Republicans were adamantly opposed, arguing that tax increases would hurt the economy and burden American workers and businesses.