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Tuesday, September 27, 2022

Stimulus Check: Brand New Inflation Aid Possible?

Stimulus Check demands do not look to subside anytime soon. After the initial rounds of stimulus payments, the government seemed to shut down the program. However, most of the people of America are dissatisfied with the decision. They have stated several reasons for continuing the Stimulus Check. One of the main concerns for the residents is the rising rate of inflation. Recent data have shown alarming spikes in the inflation level. The cost of essential commodities has shot up drastically. The ongoing war between Russia and Ukraine has resulted in gas prices skyrocketing. Many politicians have also joined in support of the common people. 

Stimulus Check Number Four Happening? 

The people of America are finding it very difficult to adjust with the growing inflation. Families are having a difficult time coping up with the inflated prices of goods. 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 percent has also risen significantly and stands at 5.4%. 

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The estimated growth of the global economy has also come down to 5.9%. It was previously estimated at 6.4%. As demands for the fourth check rise, a petition has gained significant popularity. The petition has till now accumulated close to 3m signatures. It was initiated by the owner of a restaurant. The proposal asks for monthly funding of $2000 till the pandemic ends. It can be accessed on the online website Change.Org.

The federal government is unlikely to issue any further checks. However, rent assistance, and unemployment benefit money is still up for grabs. Families having children will also receive money from Child Tax Credit. The payments will be continued till December 2021.

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