Stimulus Check has provided a great amount of relief to all the citizens of America. The program was announced by the administration of Joe Biden. These checks aimed to reduce the financial stress of the people. Most of the households reaped the benefits of the sanctioned money. They utilized it to buy necessary items for the proper functioning of the household. Many families used it to meet their food needs as well.
The monetary assistance allowed the families to focus more on productivity. However, after the third check was issued, the government did not announce any further checks. This was a big concern for all the people of America. They believed that the crisis was not yet over. The previous shutdown saw people lose their jobs. Many of the employers were not paid up to the mark. As many as 72000 cases of people losing their jobs were being reported in Texas alone. The unemployment percentage has also risen significantly and stands at 5.4%.
The estimated growth of the global economy has also come down to 5.9%. It was previously estimated at 6.4%. Under such circumstances, the possibility of further checks has been analyzed by the experts. They are trying to make out whether the checks would be of any help or not. Let us learn more about the story in detail below.
Stimulus Check Analysis By Experts
Stimulus Checks have been demanded by the entire nation of America. However, whether it will be truly fruitful for the economy of the country is a topic for debate. There are currently two types of analysis doing the rounds. One is saying that more stimulus payments will drive the prices higher and will result in further inflation.
The other half of the experts are genuinely concerned about the citizens. They have said that the federal government must provide fresh stimulus checks in order to make them manage their finances easily.