Here are some of the most important aspects.
- Many people in the United States had been hoping for a fourth round of stimulus money.
- Currently, the economic situation does not need a follow-up examination, but that might change depending on how things develop throughout the epidemic.
As a result, many Americans were sad to see the year conclude without getting a fourth stimulus check. Will a fresh start in a new year bring a fresh windfall?
A new stimulus check from Congress seems unlikely for the time being. However, this does not rule out the possibility of another. Here’s why another stimulus payment may — or could not — be on the way.
Why a fourth stimulus check may be necessary?
The omicron version of COVID-19, which is very contagious, is causing an uptick in cases in 2022. By the end of January, specialists believe that the number of cases will begin to decline. However, if the pandemic continues, we might be in for many months of inconveniences.
As a result, firms might be forced to close and layoffs could follow. It may be argued that another stimulus payment would be warranted if that were to happen.
Why a fourth stimulus check is unlikely?
We know that a big COVID-19 epidemic has struck the United States, and that this might have serious consequences for healthcare, education, and supply chains. On the plus side, studies suggest that omicron causes less side effects than its predecessors, reducing the likelihood that it will have a major impact.
As an added bonus, the CDC has just revised its quarantine criteria for people with COVID-19. That might lead to less downtime and closures in the workplace.
Our economy would benefit greatly from all of the above. Also, the economy is showing signs of improvement. The national unemployment rate fell to 3.9 percent in December, the lowest since the epidemic began.
The labour market is now overflowing with opportunities, and many businesses are responding by boosting pay in an attempt to recruit top-notch employees. When the most recent stimulus check was issued in March of 2021, this was a quite different circumstance.
Finally, unlike in the early stages of the epidemic, legislators aren’t planning to force large shutdowns to battle the current COVID-19 spike. For that alone, layoffs may be averted.
In the absence of any additional financial assistance, what should we do?
At a time when inflation is soaring and everything costs more, the thought of not receiving another stimulus cheque may be upsetting. Even so, there are things you may do to raise your income level.
- Check to See If You Are Eligible For Two $1,400 Stimulus Cheques That Could Arrive In Your Mailbox In February.
- Can Social Security Beneficiaries Get $1,400 in Stimulus Payouts in 2022?
- Fourth Stimulus Check Tracker: What to Do If Your $1,100 Golden State Payment Is Delayed, Misplaced, or Stolen
To begin, look at local pay rates to discover whether you’re being underpaid. Then you may either argue for a pay increase or put your CV back together and look for a new job. Or, if you’re in need of some additional cash, you may take advantage of the thriving gig economy by doing a second job.
If you’re having trouble making ends meet, you may want to consider putting yourself on a tighter budget. When the cost of living rises again, it may be necessary to cut down on certain costs temporarily.
When it comes to further stimuli, it’s possible that things might become much worse before they get better. However, this is a situation that no one should wish for.
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