The clock is ticking on a possible fourth stimulus check. In an interview with CNBC, Yellen said she wants to see a “very significant package” pass in order to help people who have been economically damaged by COVID-19. The problem with an early stimulus checks 2022 package is that the American Rescue Plan already came out later than many in the industry wanted it to.
The short answer: Not anytime soon. But if you’re especially paranoid about your savings account and are worried about how much longer you’ll have to work before retirement, there’s good news: The fourth stimulus might be coming sooner than you think—and it’s going to benefit some states more than others.
Yellen also said she wants to see a “very significant package” pass in order to help people who have been economically damaged by COVID-19.
Stimulus Check: Money Still Incoming
In an interview with CNBC, Yellen said she wants to see a package that would include assistance for those affected by the virus and help with educating the public on how COVID-19 spreads. She also pointed out that providing assistance for families who are struggling is not just a matter of charity but also good fiscal policy because it will allow them to keep paying taxes and not rely too much on government benefits like food stamps or Medicaid.
It’s still unclear exactly what will happen in the next few months, but we can tell you that it’s unlikely to be good news. If you’re one of the millions who received a stimulus check last year and have been waiting to hear more about when your check might come back again, this article is for you. The government has promised another round of checks by 2022 if a new bill is passed before then or if an existing one is amended with COVID-19 provisions added on top of other policies already in place.