The central government of the United States of America had stopped offering stimulus checks to the citizens. However, the people have been facing the worst brunt of the economic crisis since the COVID-19 pandemic. In addition to this crumbling economy, Americans are also caught in inflation which is one of the worst ever experienced. Due to these reasons several of the US states had come forward to provide financial aid so people can at least purchase basic necessities including food, gas, and medicines as well as pay rent and debt.
Battering Inflation Calls For Stimulus Check
This time of inflation is posing several economic issues for the citizens of America since they are facing rising prices and unstable financial infrastructure. Apart from these problems, Americans are also faced with unemployment and mass layoffs. As a result, American citizens are demanding the central government provide another stimulus check.
The inflation report for the month of January stated the obvious facts which were not bright or hopeful. The reports till mid-2022 were looking for a better future but this inflation canceled out all the growth and improvements. The Price Index of Consumer in January measures changes seen in consumer services and goods costs that witnessed a 0.5% surge since December.
Hopeless US Financial Situation
This rise in the Price Index of Consumer indicates the reason for consumers continuously racking up loans through credit cards yet struggling financially.
The Americans are now expecting the government to send some financial payment to help them stay afloat in this time of crisis. High prices all over the nation automatically call for stimulus checks. Nonetheless, it must be noted that stimulus payments are usually not paid to combat inflation. Moreover, the government is informed that paying stimulus will only worsen inflation yet they are trying to make the situation better.