Stimulus check has already been sent to the bank accounts of eligible American citizens for the last few years in order to help during the devastating COVID-19 pandemic. However, common people have not been able to cope with the worsening situation. US federal government decided to provide aid to citizens but the question is when.
$8,581 Stimulus Check Required
Several US households are in dire need of stimulus checks worth $8,581. This is due to the high living costs and inflation that have made it difficult to buy basic needs like food and medication. This worst inflation period is witnessing disruptions in the supply chain, increased demand, and rising prices of services and goods.
The Congress Economic Joint Committee of the US lately announced in August that normal households are experiencing booming prices. Many reports showed that even if the costs stop increasing, US citizens were not able to stay afloat throughout the year. Due to this, they need $8,581 to cope for the next 12 months.
When Can US Citizens Get Relief Money?
Although it is a large sum of money, the federal government must take proactive steps to ensure that relief money is provided to eligible citizens without making them suffer too much. Earlier thousands of US households received relief payments but there is a lack of consensus among lawmakers regarding another stimulus check. With elections in November, Americans might see some results.
Although the federal government has been tight-fisted, several US states have come forward to provide stimulus aid to their residents. This relief money is not as large as $8,581 but these smaller amounts are helping people cover additional expenses. Residents are able to cover inflation expenses and purchase basic needs without taking debts or staying in misery in such economically bad conditions.