There is a lot of support coming in for the next round of the stimulus check financial aid payments. And this is the only reason why there still is a possibility of the fourth round of the payments looming in the air of the United States of America. However, there is no possibility for any future payments from the side of the federal government of the country.
Future Stimulus Checks
The unemployment rate in the country as of now is still high. Most of the states have stopped providing unemployment bonuses. But the economic condition of the people is worse as they struggle to make their basic ends meet like food and bills. And though the child tax credit stimulus check financial aid payments are beneficial, people are still hoping for recurring financial aid payments. And despite the backing for the demand, there are strong reasons proving that it might not be that easy to convince the federal government not to provide the money.
The vaccination drive is on in the country with fresh vaccine mandates and everything. So with more vaccinated people, there is a chance for looser covid restrictions. When there are fewer restrictions, jobs and businesses can thrive a lot. Also, several industries have already complained about the shortage of workers.
This can lead to an increase in wages. The pandemic savings of the people along with the few distributed stimulus checks provides a push to the spending power of the people. And with the addition of the child tax credit stimulus check payments, consumers have more confidence in their economic condition. And this along with the vaccination drive ensures a promising economic reopening for the future. All these factors cause a hindrance in the ongoing demand.