Russia's invasion of Ukraine hasn't helped either and older Americans are desperate for some help from the government through a potential fourth stimulus check. Show The online petition for a fourth stimulus checkA Denver restaurant owner has created an online petition on Change.org, asking the US congress to provide people with monthly stimulus checks. The petition has collected as many as three million signatures for the time being. "Our country is still deeply struggling," reads the description. "The recovery hasn't reached many Americans - the true unemployment rate for low-wage workers is estimated at over 20 percent and many people face large debts from last year for things like utilities, rent and child care. "I'm calling on Congress to support families with a $2,000 payment for adults and a $1,000 payment for kids immediately, and continuing regular checks for the duration of the crisis. "Otherwise, laid-off workers, furloughed workers, the self-employed, and workers dealing with reduced hours will struggle to pay their rent or put food on the table." Will there be a fourth stimulus check?A non-partisan advocacy group called Senior Citizens League has been demanding that the government issue a one-time $1,400 stimulus check for Social Security beneficiaries. "We have received hundreds of emails from people concerned about making ends meet," Senior Citizens League's Shannon Benton told The Sun. "The high cost of living adjustment, for many, just exacerbated their financial woes by bumping their income above program limits to qualify for Medicare savings programs and extra help." After the original stimulus checks, some lawmakers did push for another stimulus check, but the social spending plan stalled in Congress in late 2021. Congress has not been planning to provide beneficiaries with stimulus money. However, this could happen in the event that the US experience an even tougher financial crisis. When COVID-19 was first declared a pandemic, lawmakers acted quickly on a bipartisan basis to provide the financial relief Americans needed. Under the Trump administration, several major relief bills were passed with support from both sides of the aisle. These bills provided two stimulus checks. After President Biden took office, however, bipartisan support for stimulus programs ended. The American Rescue Plan Act was passed on a party-line basis and provided the largest stimulus payment yet, delivering $1,400 checks into the bank accounts of eligible Americans. These $1,400 payments were available for both adults and dependents. After the American Rescue Plan Act, however, no further financial relief has been provided by Washington, D.C. lawmakers despite the fact many continue to struggle and millions have put their names on a petition calling for ongoing direct payments. Since it has been so long since the public has been offered a stimulus payment, it's natural that many people wonder whether a fourth check will be coming. A fourth stimulus check is possible -- but unlikely -- for most peopleFor most Americans, it is extremely unlikely a fourth stimulus check will be provided. Here are a few key reasons why:
For all of these reasons, another check is unlikely to happen unless conditions take a dramatic turn for the worse -- such as another COVID-19 variant that is vaccine resistant, easily transmitted, and more deadly. Some Americans will be getting a fourth stimulus checkDespite the fact a fourth check won't happen for most Americans, some will get another payment in 2022. This can happen if:
Outside of these situations, Americans shouldn't expect more help from Washington in the form of a fourth stimulus check in 2022 unless the pandemic takes a devastating turn. Alert: highest cash back card we've seen now has 0% intro APR until 2024If you're using the wrong credit or debit card, it could be costing you serious money. Our expert loves this top pick, which features a 0% intro APR until 2024, an insane cash back rate of up to 5%, and all somehow for no annual fee. In fact, this card is so good that our expert even uses it personally. Click here to read our full review for free and apply in just 2 minutes. |